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 Strategies & Market Trends : A Study of Covered Strangle in a Rather Neutral Market

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To: PAL who wrote (17)8/21/2001 7:10:38 PM
From: PALRead Replies (1) of 23
 
Augus 21, 2001 after the close:

The Fed cut fed funds rate to 3.5%, the lowest level since Spring 1994, and the discount rate to 3%. Many expected that the market would rally, but ...

Dow 10,174.14 -145.93 -1.4%
Nasdaq 1,831.30 -50.05 -2.7%
S&P 500 1,157.26 -14.15 -1.2%
QCOM 62.44 -1.27 -1.99%


did not do anything, the market is still moving sideways: down on Fraiday, up on Monday, down today.

Current holding is still:

1,000 sh of qcom plus $ 57,650
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