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mike2223

01/23/03 1:33 PM

#67704 RE: JR LA #67703

RYVNX - went long 1/13 as hedge against reduced dollar positions in gnss, ctxs and continued longs in imph and retk, as well as some non-tech value/turnarounds. Today, thinking could really go up or down big either way for a couple of days.

The VIX chart may help for entry points. My plan now is to maintain the hedge and sell longs while keeping RYVNX if VIX smashes through the red line.

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m1o2n3i4c5k6

01/23/03 1:57 PM

#67722 RE: JR LA #67703

Yes, if there is going to be a several hundred point drop in the nas in the next 2-3 weeks, buying at tonights close would seem to have very small downside investment risk. IMHO.