Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (1503)	11/29/1999 5:37:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

<a weak stock in that sector, it would imply a fair amount of caution.> Yes, did not occur to me at the time but it's a rule of Program trading as I recall....when Sell Programs hit they target the stocks with the weak Relative Strength in the S&P 500. So sure, if the Sector declined it would be a natural choice to whack RMBS. What a screwball stock. If I recall, Dorsey wrote that the first time he reco'd a stock that declined 20 points, AAPL, Murphy's Law kicked in and brought it down further. This thing has columns straight down and up of 35 and 30 points just in the last two months. Don't get me wrong, I'm not calling the stock a dog, I happen to own it. But fortunately for me I had a double in it this time last year and sold out half, to bring my net investment in it to zero. I really do not follow stocks, but I do own several. I never thought of tracking them to see whether I "should" own them or not, I'm too busy tracking the S&P. But I have to grant you, it does seem like an easy way to make long term decisions on such issues without spending a lot of time. It's just going to force me to buy a box of pens for these more thinly traded issues, however. (Gawd help me if the darn thing ever splits.)