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


To: Jay who wrote (39011)4/11/1998 12:55:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
So you are the guy who is buying those calls when I am shorting the daylights out of the market. Where do you live son, I have a few guys with bent noses that wish to speak with you.

As far as your follow up question is concerned, I usually sell on or shortly after the news. Call me an opportunist, but unless there is a compelling reason to stay long (or short) I'm history. But that's me.

Sell Programs. Heh. Yes I suppose that has been discussed to death here with no resolution. You have been lucky with those OEX calls. I have nothing else to pro-offer on that, your point of view on market action is kinda kool, I must say. But the fact is traders don't quit on a large sell program and go home. I wish they would on occasion, but they don't. I guess I would need from you specific examples of where the market gave up before I could address that question.

As far as E-Wave....I don't use it, I know skilled traders who do, so I can ask for a good book if you like. But the Kahuna Thread has a practitioner named Plonk, you could ask him. The way I attempt to trade is kept to a few simple rules....Elliott Wave is too complex for me.