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: Jerry Olson who wrote (6434)	10/3/2000 9:31:03 AM
From: Patrick Slevin	Respond to of 7434

The other issue I suppose that occurs to me, subconsciously, is that one should not Short the Market when Greenspan is speaking. Generally speaking, anyway. I'm a bit nervous about the Bond, as I went Long there on the drop yesterday. Then as well on the SP there is a triple bottom on the 5-minute chart at 1447.50 from yesterdays's afternoon action. That's another negative. My ANN's are mixed however, suggesting a possible trend reversal. All in all I'm willing to take a shot. Been wrong before; these past few weeks I've been pleasantly surprised with profits in currencies and the Bond so I have a cushion. As usual, my entry will be based on Time. If I do not get an acceptable Entry by 11, preferably 10:15, then I'll pass.

To: Jerry Olson who wrote (6434)	10/3/2000 9:59:24 AM
From: miklosh	Respond to of 7434

Morning Jer. I've been long bldp for a year now (a triple <g>). It just broke a triple bottom yesterday. Time to play by the rules and sell this puppy? It's in my rsp(tax sheltered), so I can always buy back cheaper later with no taxes to pay from my previous gain. TD's book states something like a 93% probability of a drop of about 23% in the next 6 months for a triple bottom. I'd appreciate your opinion. thanks Miklosh

To: Jerry Olson who wrote (6434)	10/3/2000 6:53:43 PM
From: Patrick Slevin	Respond to of 7434

I did not know that it was fashionable to mention magazine articles and I do not know how to access past articles. But I was charmed to read an article mentioning me in one of last summer's Online Investor's editions. I probably would have mentioned it before but I was laid up for awhile. The article did not slam me at all. I was rather surprised. Anyway, as I travel around SI these days I see that mentioning articles in which one appears is rather in vogue and I do wish to stay stylish. It was actually a very complimentary article. My retired brother should be so lucky.......he gets all the press but none of it is good. Just kidding. "The Internet always liked him best".