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   Strategies & Market TrendsAl's Experiments


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To: Steve Lee who wrote (1)11/16/2002 10:18:27 AM
From: a. paisley
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why not use a option hedge buy call stay short stk. what is stk amount 1000 shares what are risk 100 200 bucks . iam currently long djx dec 88 puts djx xj been under water own at 5.75 10 puts . chopping u up this trade ndx doo use rsi from investors daily newspaper what your approach . i agree i think you gotta be nuts to own a stock unles it gold or silver what your take there

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To: Steve Lee who wrote (8)11/16/2002 11:14:46 AM
From: Mark Johnson
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Starting a new Al thread....LOL.....You've been short QQQ since $22 in Oct. right....

Add this to your list of dismal market calls.....LOL......
Message 18241609

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To: Mark Johnson who wrote (10)11/16/2002 1:57:03 PM
From: Steve Lee
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Al is still short QQQ. Al can't trade at the moment because he doesn't have any buying power. He made a mistake with recent shorts but his rules won't let him cover at the moment. That's all part of the process of finding out what works and what doesn't with a mechanical trading system.

When these trades are closed, Al will be making new trades. And it is likely that Al will close the current set of trades at a profit.

Don't get too carried away with Al's losses, you were promoting buying VLNC in the high $30's. It is now a dollar and change.

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