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Strategies & Market Trends : Tech Stock Options

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To: Jay who wrote (39083)	4/11/1998 8:42:00 PM
From: Patrick Slevin	Read Replies (1) of 58727

Interesting that you should say that Programs foul up my trading. In reality it's the other way around, when they don't show it fouls me up somewhat. I trade very short term, normally, and count on anticipating programs to capitalize on quick moves. In other words, if I can "guess" there will be a program at such and such a point and it should be a sell, I get short and get out, usually within 15 minutes, and I can quit for the day. Hypothetical situation. Everything seems to point to a sell program coming down the pike. Sell 8 S&P contracts. The S&Ps drop 2 points and I cover 4 for $2,000 profit. The sell program fades, the market bounces and I get crushed on the other 4 for a thousand dollar loss. It's off to the golf course. So the programs are what I look for. I don't care where the market is trending.

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