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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (41412)4/27/1998 9:23:00 AM
From: Tom Trader  Read Replies (1) of 58727
 
Hi Patrick--don't know if you were short the S&P futures from Friday

But if you were then your position is looking real good.

I am still a long ways from exiting my short position -- need a move down to the the low 1080s to get to my 45 point target to go flat.

The ability of the futures to recover within the first hour of opening will tell the story of whether the weakness will become more pronounced.
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