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To: Jerry Olson who wrote (1144)10/18/1999 1:32:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 9427
 
Jer,
My cover point is a moving target right now. Every time the SPX goes down, I have to change the level. I do plan on covering today, but not so long as the primary trend is down. I'll probably add a smaller position with a lower strike at the time. I am using the 30 minute bar chart to see when the trend changes.

Later,
XXXX



To: Jerry Olson who wrote (1144)10/18/1999 3:39:00 PM
From: Jorj X Mckie  Read Replies (3) | Respond to of 9427
 
OOOOOOOOOOOOO
I covered at 1239 and took up another partial position with a lower strike. Profits safely in my pocket. Jackson gets to go to college now:-)

The fluctuations in the market today have been incredible to watch...wow!!!

XXXXXXXXX


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