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Strategies & Market Trends : Waiting for the big Kahuna
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To: Joan Osland Graffius who wrote (8058)10/28/1997 5:19:00 AM
From: bob wallace   of 94695
 
Joan

I noticed that you intend to short some more SPY this AM, as I do.
However I have never been too successful trying to get a decent entry near the open, and I was wondering if you would share your entry strategy.

In general I try to avoid the first 20 minutes, and then use a limit order to get a decent price, but I noticed yesterday that there are apparently so many mraket sell orders that you seem to have to be pretty careful with the limit you specify.

any thoughts
Bob
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