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


To: donald sew who wrote (35291)2/20/1998 3:40:00 PM
From: j g cordes  Read Replies (1) | Respond to of 58727
 
Hi Don...

Dow estimate high 8412, actual 8416
Dow estimate low_ 8320, actual 8318
Pattern estimate flat,down,rally to flat,down,rally over, down to + close.
Pattern actual.. flat,down,smallrally,down to low, rally to high, currently going down but positive 8418.
Estimated close # 8390, actual close ????



To: donald sew who wrote (35291)2/20/1998 8:25:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 58727
 
I closed out my short S&P contracts at 12:20, EST according to my notes.

I was playing gin rummy and keeping an eye on Bloomberg. I bought a small amount of OEX March 495 puts around 3:45 EST.

I have my doubts about the sustainability of this. I intend to dump the puts first thing Monday and look to go short the S&P again. This incredible "straight-up" motion in the market has to be shorted, albeit selectively, in my opinion.