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

To: Jerry Olson who wrote (3919)	3/8/2000 8:48:00 AM
From: JDinBaltimore	Read Replies (2) \| Respond to of 7434

Hi Jer, Is everybody done bleeding at MDA -gg- I got busted up there about 6 months ago. Nasty Crowd, when you want to be a bull -gg-. I hope you don't mind me constantly asking for free knowledge... If no, could you tell me When a stock blows through the roof like Brocade.. When do the add the option strikes for the higher levels? Say BRCD is at 325, it appears that the only call available is about a 250. Do they ever adjust.. say add a 350 call in the front expiration month? If so where would you find the new strikes? As always Thanks Jerry. John

To: Jerry Olson who wrote (3919)	3/8/2000 8:54:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

I've been watching the QQQ in particular and it appears to have taken on a parabolic effect to my way of looking at things. The trend lines I've been drawing keep taking on steeper angles. Aside from that I've not paid too much attention to Technicals, the patterns suggest another drop today. I have not looked at targets as yet, but your 1320 looks far enough away that a drop could be in store yet still fall short of it. I'll see if I can get some idea where I think the supports are. A quick look suggest 1336 and 27 on the SP0H but I have to look closer. My thought pattern at the moment is to Sell an early rally.