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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Tim Luke who wrote (13637)8/31/1998 12:46:00 PM
From: Jenna  Read Replies (1) of 120523
 
Out of BKB and TRV..It's a shame they were both good both positive. Still holding onto September, October puts on the S&P. I didn't really believe we hit a bottom last week.
exchange2000.com

The puts went from 16 1/2 now trading at 23 1/2 * 24 1/4.. no comparison to the slim pickins' in the long side of the market.

I saw what was coming when the S&P Futures went from +12 to +10 to +5.. The rally was weak from the start. One good thing about this market is that the gap up rallies let you get the puts for a smaller premium. As I said, the 'bottom' has to readjusted a notch or two lower. This market is good for intraday trading, shorting and buying puts, only at this point.

I saw AOL options up 1 from my entry but obviously I could not sell not even at market until it went from +1 to -1.. In under 3 minutes (and these are options!) This is not the time for holding swing trades or position trades. What's up today is down tomorrow.. There is no continuity in this market.
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