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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (35507)	2/25/1998 9:14:00 AM
From: Patrick Slevin	Read Replies (1) of 58727

Brooklyn, eh? I'm certain I have met many of your friends....though I do not know which side of the bar fight they were on. I welcome the early strength, as my pre-game plan is to short the opening rally. Either right away or at the latest within the first 45 minutes. A gap-up open is asking for it. I could be wrong, if so I shall have a reverse stop and ride it up I imagine. Put/call is still bullish but as I said I do not put much stock in that anyway. The problem may be that enough others put stock into it that I will have to wait past the open to get the short off properly. McMillan's oscillator kicked in a sell. I really intend to try to find that damn thing. I just added a computer here to see if the house would burn down under the power load (it has not, so far) and I have junk piled everywhere. Not to mention I have to get my Schedule D started. McMillan is recommending ATM OEX puts with a stop of OEX 503.70 closing.

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