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Technology Stocks : Stock Swap Chat
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To: Andrew Vance who wrote (2)7/21/1997 8:12:00 AM
From: Patrick Slevin   of 944
 
Now fever & chills..........................

Anyway it may be lucky I'm back. Camp and others seem to confirm what I think I see but Camp is more precise.

His computers suggest that today is the high of the year---though that's what the computers say and he thinks it may have been Wednesday. His devices also show October 20 or 27th as the next "Black Monday".

Now that's a tad x 10 to the power of 3 far out for me but more importantly, it looks like an excellent gamble today to buy August 900 puts on any early rally before 10:30 or 11 CT. Hold them until Tuesday morning for a few points then bail out in anticipation of a Tuesday afternoon bounce.

Then get back in Wednesday for a selloff until Thursday. The logic for this seems sound and, unless the market moves to higher highs in the afternoon today (in which case you stop yourself out) should be good for 3 plus points on the puts. Only use money you can lose (always the case with options).
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