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Wednesday, April 07, 2004

Finally some weakness today, mainly due to trouble in Iraq. Tried to sell the OEX puts at the end of the day and did not get filled at my limit price. Was looking to just break even at this point. Volatility picked up at the end of the day with 50 point swings both ways. Most likely should have just gotten out and forget about it. This trade is a hassle. Timing on the entry was off and that threw everything into a questionable scenario. If we are weak on the open tomorrow I might be able to salvage a break-even scenario, otherwise it's just another loser. Dow down 90 points and this thing can't even get to the plus side. Advance/declines way too positive for a market down this much. Troublesome for the short side. S&P not down nearly enough with the DOW. Hopefully some bad news overnight or I'm done. At any rate I certainly will not hold this thing over a long weekend. Should have gotten out today, that is a fact.

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