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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (30210)12/4/1997 8:15:00 AM
From: Patrick Slevin  Read Replies (1) of 58727
 
By "feel" I don't mean gut feel. Just an awareness or educated guess about the direction and why, for example, it suddenly reversed or suddenly accelerated.

Not that intuitive feel is a bad thing, it's just that if you cannot quantify why you feel that such and such a move is going on you (me, anyone) will usually hesitate and perhaps miss the opportunity.

Happened to me Monday, for example. I think it was the Dec 460 calls. one minute they were near 14...10 minutes later below 11. I knew I wanted 'em...but the sharp move down surprised me. I had not paid attention so I still don't know why and the suckers closed at 15.75, I think.

I hesitated and missed them because although I intuitively knew I wanted to own them I could not quantify why...so I joined the 'woulda coulda shoulda' crowd.
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