The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: D GALL who wrote (101)	9/25/1996 12:32:00 AM
From: Shelton C. Johnson	of 658

To: D. Gall I will second that. I came in from a round of golf at about 3:25 pm only to find that the OEX Oct 680 calls I bought Monday(yesterday) at 3 1/2 had gone as high as 5 and at 3:30 or so were then down to 3; dropped to 2'11 in another few minutes and then finished up as you described for the day. I had thoughts of doubling my position at 2'11 or thereabouts but uncertainty that the OEX rally was for real caused me to hold backfor about 5 minutes while I looked at the overall market to find out what was going on overall. My day screen on OEX showed a SELL continuing from yesterday, hourly was moving to BUY and 15 min intraday said BUY about 1-2 pm. Result, a little indecision over a few minutes and the OEX had moved up and away. I gotta stay off the golf course. It costs me both ways when I play <VBGGG> Regards, Chuck Johnson in Roswell, Ga.

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