P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: augieboo who wrote (7004)	9/12/2002 10:59:12 PM
From: ajtj99	Read Replies (1) of 30712

Not really unless we closed close to the lows, but on a positive note, since we could close at 1270 COMP, and then go up to 1314 for options expiration, but close lower like 1295 that day. The risk/reward for flipping is just not there unless we pierce 1250 and look up into next week. If we get to 1170 COMP by Sept. 27, USPIX will have returned 60% in 2-1/2 weeks from your entry yesterday. Why get cute unless you can make at least 15% on the flip? That's my opinion, FWIW. In situations like this, it's not always good to chase chump change gains with USPIX/UOPIX. The trend is clear, and unless the setup is perfect, you're better off "staying put".

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