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jenna

12/10/03 1:56 PM

#19805 RE: jenna #19804

SNPS One of our rare call plays (30 and 32.50 calls for SNPS) we are calling a 'taking profits' completely in both positions as both have hit our targets. There was a 30 put position from before and through earnings that eroded but the calls well made the straddle worthwhile.

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jenna

12/10/03 6:08 PM

#19823 RE: jenna #19804

nasdaq 60 and daily chart sent out last night.

Nasdaq looked like a down staircase today with EVERY rally shortable until the last. If the market had been open another 1/2 hour that last rally would have no doubt be shortable as well. Another day of downside with the market hitting a lower low than yesterday.

Last nights 60 minute chart


and today's continuation near the 1880 support so the beauty was in shorting rallies and also the particular earnings plays we had for downside that played down through the dow / nasdaq relief short cover rally.