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: Jack of All Trades who wrote (5697)	6/29/2000 1:04:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 7434

I started buying about an hour ago. Playing DIGL long (and a number of other things). Looking at the 5min on JDSU and CSCO, I would have bailed on the shorts. CSCO broke big support today (I use P&F). I think that it was a headfake to run the stops. JDSU could correct a lot in serious market weakness. I would be thinking of shorting them late next week for a ride down to $79. SPX also broke resistance, ultimately looking for a target of 1415, but that won't be in a straight line and I would think that we fill the gap at 1470 on the spoo before that happens.