The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: Patrick Slevin who wrote (623)	3/5/1997 10:38:00 PM
From: Richard J. Byrd	of 658

Patrick: Sorry you got Scudded. My plan today was to get calls by mid-morning if there was not a strong sell-off in play. That would confirm the recent smaller upturns. Sure enough, at about 1 pm it looked good and I picked up March 800 calls for 2 13/16. They closed at 4 3/8. Nice 3 hours profit. But - Is this too much too fast. The punchthru of the "resistance level" at 776-778 was impressive. Not a moment's hesitation. Do you think we'll get some consolidation tomorrow or are we now hell-bent for the 790+ highs? Dick

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