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Strategies & Market Trends : Tech Stock Options

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To: Michael Rich who wrote (15316)	7/15/1997 4:09:00 PM
From: Tom Trader	of 58727

Michael, I reversed to the long side on the S&P futures with the same type of apprehension that I felt when I went long a while ago at 898. Going long at the top of the market is hard to do--but I basically followed the system. Took a loss of 13 points or $6500 per contract on the last trade on the short side--it hurts but such is life. My order to go long was at a lower level but I got a terrible fill--because of fast market conditions in the pit at the time that my stop was hit. No idea where we go from here but I hope that it is up for long enough that I make some money on the trade. Later

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