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Strategies & Market Trends : Tech Stock Options
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To: Michael Hillman who wrote (2073)5/29/1996 4:31:00 PM
From: Pascal A. Mons   of 58727
 
Mr. Michael, On IOMG ups and down

I like to read your inflamatory prose right after the action took place... May be you were deaf earlier in the session ?

I thought you know that Traders play one stock in the early hours of a session... they usually set up their strategy from the readings of the previous session. That was said again and again right here I think ?

Knowing that I told you yesterday what trader would do today... What they did in fact, period. Once they got their plunge @ $35 and mid-curse setlement @ $37 1/2, the stock is often left "at large" (usually mid-afternoon) since they have ALREADY BOOKED ALL THE PROFIT they were looking for, by predicting and forcing the move. Imagine how I care of any movement on a stock after having had all what I wanted ?

I simply don't and cannot imagine Pro traders taking one position one day and waiting for enough days to call for a victory on a gain... That looks closer to pure chance than closer to trading rules. To me a trade is OPEN AND CLOSED the very SAME DAY and profits BOOKED IMMEDIATELY, Otherwise it's russian roulette or any other kind child play, sometime you lose, sometime you win... Trading with your brain is winning all the time.

So for it on IOMG. Furthermore I don't know what you were looking for ? A plunge at the end of the session ? by any standard it wouldn't have been trader initiated and that would have meant an unsucessful attempt by IOMG to make $37 1/2, this was never the case... The only possible outcome today were a stay in the buffer zone of $37 1/2 or a continuation of the pop-up... My only conclusion is that you were asleep till mid-afternoon in this session. This would corroborate the fact you didn't answer any of my messages before 4:00 pm EST.

But if you still think you and Judy are right, OK I simply won't post anymore here on IOMG. I will trade alone on this one.
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