Continuing the IFMX discussion and more... Message Board

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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Robert Graham who wrote (106)	8/28/1997 6:04:00 PM
From: Melissa McAuliffe	of 206

Bob and Brian, I am only updating you on this because you have both been so very helpful to me and this may mean nothing anyway..don't know. But there is heavy call activity on PSFT and lots of 50's and 55's being traded.(Octobers) I believe someone bought 1000 contracts yesterday and there were another 1000 the day before. You probably know where to check this out but can find out on the PSFT thread. Anyway you might want to keep an eye on this and if you personally think the time is right jump in at least for some short term profits. Anyway, just trying to give something back..hope it's not worthless info. Bob, with respect to the trendlines on PSFT. You were absolutely right.I had them in the wrong place. That's because in the new book I'm reading it covers uptrends, then reversal formations which will be followed by downtrends (which I didn't get to yet). I was reading this book at 1am and actually thought I had read about trends in general not realizing that it was about uptrends. So thanks for your input and your insightful market update. Melissa

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