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Non-Tech : Interactive Brokers / Timberhill
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To: Michael Watkins who wrote (2470)1/18/2002 5:17:29 PM
From: Dan Duchardt  Read Replies (1) of 9012
 
Michael,

The thing is that we were getting long at the same time you were getting short, expecting a
ramp (not that big of course), knowing that all the stops overhead would cause an expanded range bar of
covering (and no doubt the odd "its a breakout! buying). The expectation was 5-10 point scalp all going
well.

Might I ask what you were doing going into the first break of 1600 yesterday? I was positioned for a repeat (on a smaller scale of course) that did not materialize. Were you long? If so, did you stop out on the retreat, or where did you set your stops in that case?

Dan
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