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Technology Stocks : Stock Swap
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To: Nemer who wrote (12827)3/18/1998 1:57:00 AM
From: Patrick Slevin  Read Replies (1) of 17305
 
Oh, one thing I forgot!!!

My favorite March Madness Guru! I least I think it was last March, definitely on a Tuesday, when Cohen proclaimed Victory! against the Forces Of E-vile, people like me of course.

And evidently her own traders who immediately went and bought almost 2000 OEX puts which were 20 or 25 points out of the money. (Pre-Split, the good ol' days).

By the following Monday they were 12 points in the money. Hmmmmm.

Anyway, my Irish ears perked up and I had a foine grin on me face this afternoon when I heard that on the tube. So I foisted anuther Whiskey down and suddenly had a spring in my step.

Tomorrow almost certainly will be hard to trade. It certainly is not the start of the "Big Ride". Besides, it usually takes about 3 days to counter this type of bullish proclamation. But it does have the potential for a real nice trade on the short side from about 9 or 10 CT. Besides I need the practice. I may even stay with the trade all day instead of the usual 20 minutes.
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