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Strategies & Market Trends : Tech Stock Options
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To: Kevin who wrote (43513)5/19/1998 1:57:00 PM
From: Patrick Slevin  Read Replies (3) of 58727
 
My early guess is to fade the reaction for a day trade.

Flat right now. The reaction to a "no-change" determination would either be a relief rally or possibly giddy selling. The selling should get halted and rally into the close, a relief rally would see profit-taking as the stops get hit on the shorts.

So what gives here? Early news or the usual pre-announcement rumors?

EDIT I asked because the sucker (SP8M) dropped over a point in moments, after tighttly trading for what seemed like ages in less than a 1 point range.
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