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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (255)	1/25/2000 1:21:00 PM
From: OX	Read Replies (1) \| Respond to of 355

re: #reply-12672642 >>>100 to below 30 pronto while it's true stocks can tank in one day, there were a lot of warning signs on VISX (I don't follow it, but I just pulled up a partial pnf chart on it). that's why I only do NP one month out. I take my lumps like any long would if a stock turns for the 'right' reasons. given todays action I am a bit cautious. IMO if the indices don't close markedly higher today, we could setup for a big down tmo as well which obviously won't bode well. IMO this has all the markings of asset allocation into bonds which is short-term. and will put the indices in consolidation mode of a while. we just happen to be a the bottom end of the consolidation band. :-) I am only short put one Feb position right now due my view of cautionary Feb seasonals. SPX 1375.