LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Dave Shares who wrote (4273)	12/14/1998 6:54:00 PM
From: AlienTech	Read Replies (1) of 43080

>>They say the smart money makes the moves in the last hour,<< Dave you got to understand what option expiration week does! Without good or bad company specific news, they will swing the prices through out the band to make people sell and sucker in naive buyers. For example, PSFT looks bad but I think there is a high probebality that it will move closer to 20 towards end of the week than closer to 15. Ofcourse when the smart money goes against the fast money well I stay clear. BMCS drops 4 on below average volume? NETA I am not sure about, but I think there might be some revenge stuff in there cause of what happened during last option expiration. Last year when I used to watch option plays I could see where the stock was going to move to pretty easily, but you have to constantly keep up with what the smarter money is doing or pretty easy to loose. Ofcourse news will override anything. This is purely based on nothing more than trying to maximize gains. their gains not ours.

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