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Strategies & Market Trends : Tech Stock Options
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To: Nemer who wrote (37058)3/20/1998 1:46:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
Sure. Everyone knows bear markets are only allowed to last one day.

Actually, the damn phones rang off the hook for the first half-hour so I did not get a chance to concentrate on getting short. A shame, as the SP8M dropped almost 7 points from the open in the first hour.

So, annoyed that I would now have to work almost all day, I actually "sucked it up" and went long at 1101.40

Sold 1/4 at 1103.80, 1105.00, and 1109.50, so I still have a quarter of a position left. If I did not lose so much at gin Wednesday night I'd cash the rest in and hit the golf course.

Anyway, it's been a profitable day.....I'm not as excited as Jerry, but it's been good.

Beware though.....when the bears start getting long what could be around the corner? Say, right after window-dressing and on April Fool's Day.
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