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

To: donald sew who wrote (35271)	2/20/1998 11:55:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Thanks to the miracle of futures trading, I was stopped out and then reversed to short and covered my loss by selling off half the position for a 2.50 gain. The remainder has a close stop so my net for the day will (at worst) be marginally profitable. Once balance is taken out or I cover it outright I'm finished for the day, it's too wacky.....expiration days are often notable for being trendless. You have to give a lot of credit to the tech stocks in the NASD for holding it up, as DELL has propelled them somewhat. I agree in general. We could pop up at any moment. I do think any "pop" would be a fair place for a small amount of March puts to be acquired looking for a gap down Monday.