Trading the SPOOs with Patrick Slevin! Message Board

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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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To: Jerry Olson who wrote (4765)	5/25/2000 9:03:00 AM
From: Patrick Slevin	Read Replies (1) of 7434

Gee, I'll never get the hang of this online stuff.... Just a short while after the numbers came out I checked my equity run and it turned out I was Long twice as many as I thought I was. So, I sold down to where I'm only Long ONE now. Easier to manage, when you know you can only be off one at any point in time. Anyway, provided it does resolve to the upside, I think it is possible it could be surprisingly high today. The R in the teens, once overcome (if overcome) could open the door to the 40s or perhaps higher. Anyway, I'm going to look to the Long side although perhaps not early. I want to sit back and see how much it might retrace first. In other words, if the Open is up strong I'll wait for the retrace, if the Open is down strong I'll consider an early Long position. What do you think?

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