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

To: Tom Trader who wrote (4419)	4/14/2000 9:53:00 AM
From: Patrick Slevin	Respond to of 7434

The discussion probably starts around Post 4385, Message 13403233 Let us know if you think it may have merit or not. Well, I think there may be a Long shortly.....10 or 15 minutes after 10:00 perhaps. But then I think it will peak around 11. I am sort of hamstrung, I don't like the Long because I like the day down. So I may wait an hour and look to add to the Short. It would take a lot to Stop me out of that Short, I think the System has it's Stop around 1462 so I'm out of here for awhile. Good luck if you try anything else.

To: Tom Trader who wrote (4419)	4/14/2000 9:44:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

Check this out, Tom I received it from Refco tonight ============ Effective immediately, the margins for the Nasdaq 100 are set at $60,000 initial, $45,000 maintenance and for the E-Mini Nasdaq 100 at $12,000 initial and $9,000 maintenance. ADDITIONALLY, WE ARE NOW REQUIRING THAT ANY CUSTOMER INITIATING A POSITION IN ANY STOCK INDEX CONTRACT HAVE FULL MARGIN EXCESS IN THE ACCOUNT AT THE TIME OF THE TRADE IS INITIATED, EVEN (ESPECIALLY) INTRA-DAY. While we recognize that this is an extreme position, we feel that the volatility of the markets warrants these measures for the protection of customers, affiliates, and the firm.