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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 (4765)5/25/2000 9:03:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 7434
 
Gee, I'll never get the hang of this online stuff....

Just a short while after the numbers came out I checked my equity run and it turned out I was Long twice as many as I thought I was. So, I sold down to where I'm only Long ONE now.

Easier to manage, when you know you can only be off one at any point in time.

Anyway, provided it does resolve to the upside, I think it is possible it could be surprisingly high today. The R in the teens, once overcome (if overcome) could open the door to the 40s or perhaps higher. Anyway, I'm going to look to the Long side although perhaps not early. I want to sit back and see how much it might retrace first.

In other words, if the Open is up strong I'll wait for the retrace, if the Open is down strong I'll consider an early Long position.

What do you think?



To: Jerry Olson who wrote (4765)5/25/2000 2:38:00 PM
From: Patrick Slevin  Read Replies (3) | Respond to of 7434
 
< no excersise>

It's a health issue. High Cholesteral. Evidently I'm on the queue for a heart attack.

She (the doctor) does not know me very well. My blood is peasant Irish, we don't have the luxury of spending time on heart attacks.

You should have seen her face when I went over my liquid intake. I think she figured on paying off all her debts on my pending operation. She would be better off writing a book on "How to pickle the Human Anatomy" 'cuz I ain't having a heart attack any time soon.

I'm one of those Type B personalities, wouldn't you say?

WELL??? Wouldn't you???

Where the heck is Edwarda, anyway? She must have had a hot date.