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: Vol who wrote (6486)	4/4/2001 9:37:35 PM
From: Patrick Slevin	Read Replies (2) of 7434

So, Guarino Recommended buying Japanese Yen in December. He said to buy one contract every hundred points lower or higher. When it was down about 900 points ( At $12.50 a point ), he said that's when he meant to buy it. So buyers were 9 handles, on average, times 9 contracts or 4.5 times 9 times times $1250 or $50,625 down when Nick said .... Now is When To Buy. Buy one contract every hundred points lower or higher. The Yen hit the 80 range since. So down another 5 or 6 hundred points the total loss is around $120,000. We aren't counting the fact that the trade had to be rolled over. I'm sure Nick ain't addressing the Japanese Yen much these days. He is probably sending out flyers telling everyone to get out of the Market. Nothing new under the Sun, as they say. I'm of a mind that Guarino is not your friend, just my opinion. I say this as someone who has tried his mailing. I have a cat that could trade better than he does. It was a waste of money, but I tried it out of curiosity. Curiosity kills a lot of cats.

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