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Strategies & Market Trends : The OEX... gasp!
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To: Chris Baker who wrote (501)2/5/1997 5:37:00 PM
From: Stuart Briscoe   of 658
 
I look at all the technical information, trying to calculate the estimated high and lows for the futures. I don't just go off of their recommendations, though, since I look at other analysts reports. Usually, their trades are high probability trades, but you have to watch the market so as to get out quick if the trade turns on you. I was not in the office today, so I didn't do any trades. If I had done one, I would have bought 775 Puts at the open and held for only a couple of points. Paragon's parameters were not met to buy 785 Calls, as I understand it, since they said not to enter a trade if the target price could not be achieved by a certain time. That only left the one other recommendation...buy 775 Puts at the open (around 11/contract) and hold for a late day sell-off. It worked for those that took the advice.

-Stuart
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