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Strategies & Market Trends : The Great B.K. Game

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To: Gersh Avery who wrote (196)	6/19/1998 10:04:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (3) of 1188

* Only 1 position per player, no averaging up or down. You can however go FLAT during the trading day and reenter your position AFTER the market closes at a better price. (example. You are LONG @ 1100 and during the day the market drifts to 1090. You could go FLAT BEFORE the market closes (no points) and then reenter your LONG position AFTER the market closes at the closing price. sorry babe you cant reset until the end of the day when it is going against you so that might effect your decision Dwight Sweetie: glad you joined the game...I am shocked that you are not going to actually trade what you post!!! ohhh noooooo, Vitas has now tied me.... Claude its not the premium that kills you its the spread so you need to be right about the direction and get a good point move and for example i bought a put at 20 3/4 yesterday on the NAZ well now the sucker is bidding 17 1/4 to 18 1/4 because the NDX is UP..thanks to MSFT...so it maybe one I have to hold if we dont retrace today...it is common to have a 1.5 spread on index options

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