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Re: sylvester80 post# 12703

Wednesday, 08/07/2002 1:14:05 PM

Wednesday, August 07, 2002 1:14:05 PM

Post# of 704047
I think we don't get rally until FED cuts rate on Tues. IMO slow melt like last 3 day drop to solidify need for FED to cut rates on TUES.
I am back to hedged but more short then neutral. I still hold a few short PUTs from Jul 24 and short Calls from last week and some new ones from this morning. I not closing anything until significant profits occurs. Happy with time premium decay with my bias for market going down until TUES.

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