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

To: Patrick Slevin who wrote (41412)4/27/1998 9:16:00 AM
From: jjs_ynot  Read Replies (3) | Respond to of 58727
 
What is everyone using for the buy point to close short positions and then to go long? The 50 dma?

Patrick,

Is today the start of your vacation? Or can you just not resist a good bloodbath?



To: Patrick Slevin who wrote (41412)4/27/1998 9:19:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 58727
 
If the profit looks good enough, I will sell to close them. The MSH is primed to fall in Don's time frame of today and tomorrow. It topped Wed, fell Thurs, bounced up Friday, but retraced only about 60%. So I expect it fall back. I'll have to recheck the support levels on the MSH now.



To: Patrick Slevin who wrote (41412)4/27/1998 9:23:00 AM
From: Tom Trader  Read Replies (1) | Respond to of 58727
 
Hi Patrick--don't know if you were short the S&P futures from Friday

But if you were then your position is looking real good.

I am still a long ways from exiting my short position -- need a move down to the the low 1080s to get to my 45 point target to go flat.

The ability of the futures to recover within the first hour of opening will tell the story of whether the weakness will become more pronounced.


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