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Strategies & Market Trends : Tech Stock Options
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To: Leland Charon who wrote (45861)6/15/1998 1:10:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
I had a turn on Globex, that's all.

I was a few moments too late going long early.....doubtful of going short around what turned out to be the highs.

I might try to sell on a penetration to new intraday lows or on some rebound. I'm pretty indecisive.

The sentiment you echo (about triple-witch) is what hooked those traders on Friday, I'll wager. They saw the rebound late in the afternoon and got hummed this morning as there was probably little turnover in the positions of the longs. It does seem like Friday was just a short-covering rally with no real support.

But the only way I will get sucked into this today is to look for a home run. That would require a break of the morning low.
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