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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Tom Trader who wrote (31071)12/12/1997 9:41:00 AM
From: Muizz M. Kheraj  Read Replies (1) | Respond to of 58727
 
Well...

Didn't see as strong an open as I expected after seeing the S&P futures up 7 before I left the house this morning...

I suspect that we will want to rally and may even put in a decent rally today, but that this retracement is not over yet. I see 7785 (8170-7400/2 + 7400) as the bottom that needs to be reached before we truly can say that we have retraced. At this point, if we rallied, I'd be happy to say that we are oversold and it's time to buy.

Muizz

** On that note, SPX now up 6.01 at 960.95...damn!!!



To: Tom Trader who wrote (31071)12/12/1997 10:56:00 AM
From: kajtek  Read Replies (2) | Respond to of 58727
 
If you are not busy click on this and it will make you smile
Message 2935085



To: Tom Trader who wrote (31071)12/12/1997 11:37:00 AM
From: Tom Trader  Read Replies (2) | Respond to of 58727
 
Just closed out the short OEX calls at 7 3/8 for a 2 point profit



To: Tom Trader who wrote (31071)12/12/1997 1:36:00 PM
From: Electric  Read Replies (1) | Respond to of 58727
 
Tom,

Nice job, I had the feelies that the 50+ open wouldnt hold, when are you gonna buy them back, I would like to hear about it..

Electric