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Strategies & Market Trends : Tech Stock Options

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To: ratan lal who wrote (46034)	6/16/1998 3:23:00 PM
From: Patrick Slevin	Read Replies (2) of 58727

I did, by accident. I covered it because I did not know what the hell was going on. I originally was going to short in the low 1093 area when the system went kerflooey. When I got it back, I went short @ 90.50 When it dropped to 88.40 I put in a market order for half....a quick run-up got me a fill @ 90.40 for a 0.10 profit.... THEN the stop at 91.90 kicked in with a lot of slippage (it was fast for several minutes) @ 92.50 for a 200 point loss on the other half and now I'm long---never had time to change the quantity of the stop. So, the last position was sold @ 94.20 for a 170 point gain.... 170 + 10 -200 = - 20 points. I lost 20 points and pieces of neurons that used to be mixed in my brain somewhere. Please visit me at my new job @ Mickey D's next time you are in Jersey.

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