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Zeev Hed

01/06/03 1:36 PM

#61706 RE: ajtj99 #61701

in redit: Just sold EXPE here at $64.13 for another $.65, making that one a double bucker plus for the day after being down more than $2. Also started to take the rest of the Q off the table, QLGC at $40.20 for another $.88, MERQ at $33.15 for another $.50, ELX at $21.95 for another $.45 and BRCM at $17.60 for just $.14. I really do not like the way this rally is lacking volume and the paucity of puts buying.

In edit, and no AMGN is greaking up, well, as I said, you win some you lose some...I sold too early (g).

You maybe quite right, one reason to take the chips off the table. Sorry about those Nov puts on AMGN, you win some you lose some (g).

Zeev

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jdaasoc

01/06/03 3:17 PM

#61795 RE: ajtj99 #61701

aj
I was thinking last week that S&P would reach 922 Monday and goofy 938 level almost in jest later this week. It looks like it will gap there by WED morning if Bush speaks tomorrow.

Any indications that we may retest 965 S&P from AUG this month.

PS I like Phillips NV PHG as tech play, dividend play and an IP play.