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Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (209)	2/22/1998 9:52:00 AM
From: DRRISK	Read Replies (1) \| Respond to of 1086

Dan and Bilow, Thanks for your very indepth analysis of the Level II packages I certainly appreciated it. You have to be comfortable and the test drive is critical. Try the Cybertrader package it is the system that powers all the Block trading systems. On another note I will share a play that I am in the midst of. Orcl had large option expirations at 25 less at 22.5 and the stock had run to 28 over the past month on the easing of Asian tensions. I see the stock as extremely oversold on all parameters and bought into the artficial option expiration skulldugery by the MM's. Scooped up shares all weekand waited on Friday to establish larger position with break under 25. I think we go to 28 this week and fill gaps between 28 and 31 that are there if we get any news. The company has been very quiet lately and the Roberts Stevenson Tech Conference is this week in San Francisco. If we get break out we go through 30 soon. IMHO. DrRisk long on Oracle

To: Bilow who wrote (209)	2/22/1998 9:53:00 AM
From: Dan Duchardt	Read Replies (1) \| Respond to of 1086

A bit off topic, but HE started it <ggg> Carl Quantum Physics?? Maybe you could develop the Bilow Uncertainty Principal for daytrading and go from there: momentum = <something analogous to mass; maybe volume> X <velocity; delta price/delta time> Then we have <delta momentum> X <delta price> = b, the Bilow constant; care to pick a number? At any moment you know the exact price of a stock, you know NOTHING about how it is moving, and at any moment you know exactly how it is moving, you know NOTHING about it's price. Fortunately, if you don't know too much about either one, you can have some idea of what's going on, and as long as it is going in your direction, the exact price is not too important. If your goal is to understand the dynamics of the stock market on a small time scale, it probably is as difficult as quantum physics. After all, it depends a lot on human emotion, not fundamental laws of the universe. Happy trading Dan