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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Susan Saline who wrote (19270)	3/24/1999 8:28:00 PM
From: SE	Read Replies (1) of 44573

He he...Sue sounds great! I am sure we can lose track of that just like our other stock positions! This really is rather loose and I am not really keeping too close of tabs on it, but let me bring you up to speed. Not sure you would want to associate with the OJ/SE team....rather seedy bunch of characters. It all started a few weeks back when I was bored but did not want to commit to a live position, so I put a short on at 1220.00. OJ thought that was great and I should hold it. I thought I should SAR the thing at 1219.00 as things were looking up and the GZ factor fired off a beautiful shot by going long four at 1218 and dumping them in about 45 minutes at 1234 for 16 points per contract in no time flat. Well, by that point OJ and I were underwater on the short and I usually just forget about them .... but this time I decided to double down again and again and again....eventually we had 16 contracts on with a basis of about 1250 March contract....we rolled to June with a 1263 basis and sat out about a 70 point loss per contract.......and now it has come back to us. We are scrapping and just getting by, we SAR'd to long and now OJ SAR'd us back.....to short this afternoon and now our basis is 1272 and we are short! At the time of the original mess we got into OJ put on a thousand or two of CPQ and DELL...which I don't know whatever happened to them. He does not keep me very well informed. So sure, throw your MWD in the mix. Why not? What we got cooking, 1,000, 2,000.....it makes no difference. What the heck is an MWD anyway? Ah never mind..... So you can see...this is a loosely run operation and as I told someone in pmail a while back, once I get bored with it I will move on. For now it provides me a little entertainment value trying to get back to even after such a huge drawdown. I bet the others on the thread are tired of reading my rantings however..... So you sure you want to associate with such a loosely run operation? -Scott PS - We almost ran Nemer off the thread for threatening to close down our positions due to a margin call. The nerve of some people thinking that a little margin call should affect OUR position...... HA .....:)

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