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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (38353)	4/6/1998 11:41:00 AM
From: Patrick Slevin	Read Replies (1) of 58727

I'm doing okay right now, to tell you the truth. I have to use this two-tailed coin more often to make coin-flip decisions. I really don't have a plan; because you wanted to short stocks I just hit on that method. My "plan" is to keep selling the S&P futures on any rally that takes me out on a stop. However, I have not yet been able to implement that plan, because although I keep lowering my stop on the morning short sale, the closest the market has been getting to it is 20 basis points. I do think, if you wish to venture a shot, that a purchase of puts in some index is probably a profitable move. I don't know if I would take the bank index, but intraday this market looks like hell. It reminds me of a day last year when IBM came out with great earnings. The market shot up for a half-hour and then collapsed.

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