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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (49238)	8/4/1998 7:01:00 PM
From: SE	of 58727

I understood your point...but it is still possible to get out. It might have also been a trade to cut losses and reverse. When a dump comes like that one, SAR can be a very good move. Did that a few days ago and turned a 4 point loss (my largest I think) into a 1.20 winner. Also remember that the likelihood of being long at that point of time was remote at best. Today would have been a bad day to be long and nothing I saw indicated long. My indicators would have had me short for the dump, had I been watching at that point in time. Would have been a nice trade. But yes, your point is well taken. Would have hated being long during that stretch, no question. What a fun day. -Scott

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