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To: j g cordes who wrote (35179)	2/18/1998 11:50:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

<Regarding the day before expiration puts.. may chicken trade tomorrow... plenty of time <g> Besides the odds are gettin into the 250/1 area that we should be down... so I'll try selling any rally, maybe one in the morning get out.. then go short again on the bounce for an exit before the close. Friday I'd be on the sidelines unless its for two months out on options... too much premium is dropped over the weekend.> Sure I spend a half hour typing in "whys and wherefores", lose the damn message, type a shorter version, then you come up with a similar plan. ....To think I could have been playing chess.

To: j g cordes who wrote (35179)	2/19/1998 9:01:00 AM
From: donald sew	Respond to of 58727

Jim, Yeah, I may get YTK calls today for a day trade also. Many do not follow this index, but it is the strongest of all the HiTech indexes on a technical basis. I bought GLM stock yesterday at 22 3/4, but that is stock. Just dont think the downside is that great even if the price of CRUDE goes to 12. Yeah, surprisingly, the XCI per my short-term technicals are lower than the average. Please keep in mind that it is not just price that moves my system but also time. If one just looks at a chart on the XCI one would notice that it did not come down much, but the technicals did. I guess the best way to explain it is the possibility of a surge to the upside after basing out over a period of time, if that makes any sense. Jim, I will be looking for pullbacks in certain sectors not for the overall market. For example the NDX dropped 27 points off of its intraaday highs a few days ago, but at the close it was only down 4 points. Those are the opportunities I will be looking for to get back into the market on the long side. That may happen within the next few days again. Going for niche opportunities on specific indexes rather than playing the broadbased indexes to the upside, like one would go after a specific stock. Seeya

To: j g cordes who wrote (35179)	2/19/1998 10:48:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Congrats Jose. Here is your call from Wednesday night. Regarding the day before expiration puts.. may chicken trade tomorrow... plenty of time <g> Besides the odds are gettin into the 250/1 area that we should be down... so I'll try selling any rally, maybe one in the morning get out.. then go short again on the bounce for an exit before the close. My SP8H show....and I'm sure the market did what the futures did.....the morning high was around the open...the morning low was the low of the day around 11:40 EST.....then a bounce to the secondary high of the day at 1PM EST, then an afternoon selloff until the close.