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

To: Vol who wrote (6486)	10/9/2000 12:40:31 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

Guarino is a trader from Minnesota, I think, who takes long term positional trades. So pretty much he is eventually correct, I guess. He takes trades generally in volatile markets and usually advises to Short every X number of points. So for example if he was Short the Yen at 95 he would suggest that you short it again at 96, again at 97 and so on. When he is right it's great but when he is wrong he usually won't go too high. I think he tried to Sell Crude every point starting around 30 then finally got stopped out when it hit 34. He is probably saying to sell broadband because it's a highly visible sector in the market. I do not know the guy personally; I have no idea why he is saying to sell it for certain. If ATT is involved in his plans I'd agree with him, I suppose.

To: Vol who wrote (6486)	1/4/2001 8:42:41 PM
From: Patrick Slevin	Respond to of 7434

Say, I imagine you are not around any longer but if you are I was wondering, Did you ever kick in with this Guarino guy? Just a question, nothing outrageous.

To: Vol who wrote (6486)	4/4/2001 9:37:35 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 7434

So, Guarino Recommended buying Japanese Yen in December. He said to buy one contract every hundred points lower or higher. When it was down about 900 points ( At $12.50 a point ), he said that's when he meant to buy it. So buyers were 9 handles, on average, times 9 contracts or 4.5 times 9 times times $1250 or $50,625 down when Nick said .... Now is When To Buy. Buy one contract every hundred points lower or higher. The Yen hit the 80 range since. So down another 5 or 6 hundred points the total loss is around $120,000. We aren't counting the fact that the trade had to be rolled over. I'm sure Nick ain't addressing the Japanese Yen much these days. He is probably sending out flyers telling everyone to get out of the Market. Nothing new under the Sun, as they say. I'm of a mind that Guarino is not your friend, just my opinion. I say this as someone who has tried his mailing. I have a cat that could trade better than he does. It was a waste of money, but I tried it out of curiosity. Curiosity kills a lot of cats.