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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (36051)	3/5/1998 1:15:00 PM
From: Patrick Slevin	Read Replies (1) of 58727

Did you notice that ridiculous pop just after 12 Eastern? It was almost as if they ran it up to sucker in new money, shake out the shorts, and run it down to new lows. If I were only a futures trader, I would bet anything they took advantage of a thin lunchtime pit to do just that. Fortunately for me, I guessed correctly and stayed short. I still don't think the lows are in for the day, but I shall cover half the contracts no lower than SP8H 1035.00, the day's low so far. We still may see that 2 bills on the downside, lot's of game time left.

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