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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (40507)	4/20/1998 10:53:00 PM
From: SE	Read Replies (1) of 58727

Patrick, Why do you see it being down the first 15 and then up the rest of the day? At least that is what I garnered from an earlier post...if that is incorrect, please forgive. My theory, and I am sticking to it! :), is that we are up the first 15 and then down the rest. (OK, so it resembles your theory, with my twist) Reason: IBM! The SOX ran today like no tomorrow indicating to the little people (yes, that includes me) that the market is going to run even more now that IBM "beat the street." They will buy the first 15 of the day and the "pros" will short it and run it down the rest of the day. As always, JMHO, FWIW and BWDIK. I am considering changing the last to BWTFDIK, but I might get kicked off for that! -Scott

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