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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (18674)1/7/1999 8:48:00 AM
From: Lee Lichterman III  Read Replies (1) of 42787
 
Well, I originally wanted to buy closer to expiration so the Feb premiums would be lower. Looks like I might be able to wait it out a little longer anyway. I have been watching what was moving and what wasn't the last couple days. Now maybe I will get a second shot at some of the ones I missed or sold too soon. <g> There were a lot of stocks at major resistance points that didn't clear them so this is a bad time to have a pull back for them. Most of my usual favorite short stocks aren't lined up right to go short on them right now though. Oh well, maybe I should just throw a dart at the WSJ and go short that. <g> If we do go down hard today it will be interesting to see if DELL holds 75 and some of the others that have been building support for the last week or so. If those long term built support lines give way, this may be more of a pullback than many people think. The last couple days may have been the blow off top we kept talking about. This should prove interesting especially being the week before expiration. Some serious money is going to be made in the OEX options. People were laughing at the 30 point jump up, now lets see what happens on the way down.

Lee
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