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Strategies & Market Trends : Tech Stock Options

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To: Cynic 2005 who wrote (28590)	11/17/1997 10:51:00 AM
From: Tom Trader	of 58727

Hi Mohan >>Tom, hope you get back to business as usual. I am back -- on an even keel. >>I always valued your opinions And I have valued yours--after all you are my guru:) >>and I for one never doubted your integrity Thank you >>Also, I respect Iqbal's commentary and I do believe that he is an honest gentleman who is always willing to help. I respect Iqbal's understanding of global economic events and I do believe that he is always willing to help. I don't believe that he likes dissent from his opinions, though he says that he does and the more articulated a dissent -- the greater his feeling of discomfiture. >>It is unfortunate that things unfolded the way they did over the weekend. Yes it is--I knew full well even before I posted last Friday that I would get a strong reaction not just from Iqbal but from his minions. But I must confess that I underestimated the virulence of the attacks that occurred yesterday morning. >>Hope time heals everything I have no doubt about that. >>You have mentioned several time, strong gaps up should be shorted in to. I think that what I said was the strong gap openings in the S&P futures, in either direction rarely hold and more often than not they retrace. At this point the market has been open over an hour and the strength is still there so I have less confidence in a significant retracement. >>DON'T GET SUCKERED INTO THIS MORNING's STRENGTH! You may see a 180 degree turnaround by the close! I AM NOT KIDDING!<< Now that you--my guru--has said this in caps, it has fortified my view that I should not add to longs:) Seriously, I will look to close out longs or hedge them into strength--but I am watching the market action to help clue me in. Still long the futures, of course--but the signals on that are mechanical, as you know. Regards

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