MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 678.87

-0.3%

Dec 16 4:00 PM EST

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To: HairBall who wrote (24183)	8/30/1999 8:04:00 PM
From: dennis michael patterson	Read Replies (1) of 99985

I went long Msft around 10. I was filled at 91 5/8 and 11/16, which were the low prints for the day (on the ask). I really like the way Mr Softee is behaving. Very strong action, except for the volume. But, comparatively speaking, it did great. I bought stock, not options, and can wait. Even if the Naz went down another 5 percent, I would not be concerned. In fact, I am not concerned. I expect to have a profitable trade. As much as I am always second-guessing him, Favors is not often wrong on the upside. THis, together with the other things I mentioned, makes me ST bullish for a profitable trade.

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