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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (44141)5/30/1998 9:38:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
Evidently Temple is a day-trader and daytraders are always cautious about holding overnight, much less the weekend.

His strategy here followed the same logic. The logic I took was to close out 3/4 of my short position....it was from a higher level than his....I believe it was prudent because the futures would have to rebound a full 24 points to 1115 to give me a break even....other wise it's still profitable.

The risk is greater than Temple put forth in his remark with respect to downside, as the only thing that would enable upside is lack of conflict over the weekend. A rally based on this lack of conflict could of course be shorted once again, wouldn't you say?
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