OEX Short term trading Message Board

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Strategies & Market Trends : OEX Short term trading

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To: John M who wrote (14)	8/19/1997 9:32:00 PM
From: Sean McClellan	of 29

Actually, I looked and it's a 910 that I have. Was glad to see INTC move back up since I bought a couple SEP 100's last month. Also am still in FORE and PAIR. Am out of IBM and WDC which were very good to me the past couple months except for Friday's expiration. Both still have great charts and look like they will continue up. Bought MU options today also. Dumped AMD stock in my IRA and the next day it rises 5 points. Oh well. Am using a service called Instant Advisor that does fairly short term trades and also subscribe to two of Bernie Schafer's option services. Have had mixed results with both this year. Am still being too compulsive and risky when things are going my way. Schafer almost always buys on a breakout of a stock, which makes me nervous. I'd rather buy an option on a great chart but with a small but seemingly temporary dip. Making 400-800% on the occasional option does not help if you can't cut your losses on the losers when the stock is moving in the wrong direction.

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