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Strategies & Market Trends : Tech Stock Options

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To: Esteban who wrote (30273)	12/4/1997 2:31:00 PM
From: Patrick Slevin	Read Replies (1) of 58727

I suppose I should call it the spread so as not to be mis-understood. Like I said last night my pre market plan was to get long around lunch. Co-incidentally, after posting the last message to Kevin I glanced at the spread, saw it failed to drop to a new intraday low...at the same time got a high negative TICK, I had already decide that the overall intraday trend of the spread was bullish, as you said, and as I said last night I believe I will stay long until the bond close and be careful at that time because of a chance of weakness in the last hour due most likely to external events. At this point the spread is not giving me any indication that I am correct about any of this as it has just made a new daily low.

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