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Sheer "climbing the wall of worry" activity.....as money has no other place
to go....
and concerning tech: with Microsoft appearing to have tilted their hand that
the software business continues weak, and with the Oracle, Peoplesoft, and
JD Edwards mega-merger, appears there will only be a handful of USA software
companies left standing. Consolidation means: business is poor. China and
India soon to dominate the software biz.
Appears this rally has discounted even the rosiest of scenarios.
If it doesn't "happen", watch-out below.
> -----Original Message-----
> From: Kent Rollins [mailto:kentr@xxxxxxxxxxxxxx]
> Sent: Sunday, June 08, 2003 11:07 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] small lots
>
>
> This rally has been so strong that I think any initial correction will be
> met with a lot of buy-the-dip activity. Should provide an opportunity to
> get in short. But then again, it may just start going up again.
> There is a
> major shift in asset allocation going on and the loser must be
> cash because
> nothing else is going down.
>
> Kent Rollins
>
>
> ----- Original Message -----
> From: "EarlA" <earl.a@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, June 08, 2003 9:10 AM
> Subject: Re: [RT] small lots
>
>
> I sold my SPX puts early in the morning of the 4th (Wednesday) ... was the
> third time in a month or so where I ended up closing a profitable short
> trade for a small loss. I didn't like Tuesday's rally. I didn't like the
> fact that they were able to hold the second decline attempt a few ticks
> above the first. I didn't like the fact that the time in Tuesday's rally
> exceeded the time of the decline. And I didn't like the
> fact that the short trade had moved into the "hope" stage. All in all, a
> sense that I was trading against the tape and they were going to take it
> higher.
>
> My weekend analysis once again shows all the ingredients in place for a
> significant correction, however I am undecided on action. I may look for a
> short on a retracement and use emini to scalp a decline. I
> generally use the
> deep in money SPX puts to do a short position trade and that has not been
> working.
>
> Earl
>
>
>
> ----- Original Message -----
> From: "Brad Cline" <bradcline@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, June 07, 2003 2:08 PM
> Subject: RE: [RT] small lots
>
>
> > Earl, did you hold onto your OEX options with Fridays new highs?
>
>
>
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