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Strategies & Market Trends : Options
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To: Poet who wrote (1619)1/24/2000 5:17:00 PM
From: Bridge Player  Read Replies (1) of 8096
 
My option trading is fairly limited and outright long or short positions tend to be quite short-term, entered when it seems that momentum in either direction is petering out and may reverse.

A good example is MRVC early today, when it opened up after a huge rally on Friday, then turned down and broke thru Friday's close. 89 or so was far and away an all-time high so there was no "resistance" there, the stock simply turned and started dropping. Buyers had at least temporarily lost the ability to drive it higher.

BP
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