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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (42340)5/6/1998 9:05:00 AM
From: Patrick Slevin  Read Replies (1) of 58727
 
I do not know what CNBC is speaking of. I show the long bond off 4 ticks.

Also, it opened off 2 ticks. CNBC must have "pump and dump" people writing the idiot sheets for the on-air reporters.

My data files from last week were partially corrupted, so I cannot determine turn times. Instead, I had to check with Camp who said his system is saying to short the rally at either 9:45, 10:45 or 11:10 ET.

It's still unclear to me whether the rally last week was a sucker rally or the real thing. People in the industry tell me...I was not here and some files have been discarded...that the rally was on low volume. A definite negative.

For my own part, I shall probably go along with the short the rally scenario. I already have a small short on and, in light of the weak bond action, see no pressing need to take it off at this point.
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