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Strategies & Market Trends : Pitbull Investing Strategies

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To: John Langston who wrote (594)12/30/1997 11:23:00 AM
From: Doo  Read Replies (1) of 789
 
John: No puts, just calls at this point. And MLI is the only true PB, except I broke the Monday morning market order rule. Not real keen on the short side of this market right now. Been watching for a good short candidate with options, however.

Check out MLIDI (Apr. 45's) and MLIDJ (Apr. 50's) and see if I made the right choice. I think the 50's were obviously closer to the 5 buck range, but I liked having more "in the money" and there seemed to ber a higher open interest (maybe I'll get less of a haircut if I have to dump them).

Hardest thing for me is going to be playing the PB rules strictly. You know how I feel about the RS stop, etc. Check out my PAYX. If I'd gotten stopped out of that baby on a RS stop, how pissed would I be?

Jeff
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