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Strategies & Market Trends : Tech Stock Options

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To: Michael Hillman who wrote (2078)	5/29/1996 5:47:00 PM
From: Pascal A. Mons	of 58727

Michael, Let me disagree on all your points. 1. "To look for a $5 dip today was a good call ..right in line with the last 2 days play" Not True. The previous 2 days the dip (or amplitude of the plunge) was $10 NOT $5. 2. " The only question remaining ..was how far down did 'They" want this stock ..and would it be accomplished today ..or tomorrow" and "Your prediction was right on ..like everyone else's" Still Not True. I made a proposal for today's scenario of Traders and was the only one giving the amplitude and mid-curse setlement till early in the afternoon, yesterday evening on behalf of this thread records. No one came close to anything like that. 3. "I guess what I missed in your last post ...how you expected the stock to gain 6 points in the last 20 mins" Still off the mark and out of steps. I've already said (on record on this thread) that the last hour computer trading pattern is going on AFTER calling a virtual close at 3:00 pm EST and examining what happened earlier in the SAME session to support / resistence levels. This is completely different from Traders initiated movements. I wonder how can anyone predict the day before what it will be ? Let me know if you have the solution it will yield more $ out of the equation. I think all of us would appreciate to learn that from you... A minor point is my message was posted before 3:00 pm EST anyway. You appears troubled and you still mess up things that are by nature very different. I still believe in my own view, basically that first you don't enter a trade on the wrong side (like selling puts when all indications are for a big plunge), second any trade should be closed at the end of the session and the profits booked. Any other approach is child play, chance, casino, roulette, hard guess or anything at the same level.

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