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

To: peter n matzke who wrote (41913)	4/30/1998 8:40:00 AM
From: Lee	Respond to of 58727

Peter,...Re:<<Eco Numbers>> 1Q GDP = 4.2% ECI = 0.7% benefit = 0.4% Tyx = 6.009 down 0.061 Lee

To: peter n matzke who wrote (41913)	4/30/1998 8:43:00 AM
From: Tom Trader	Respond to of 58727

>>Tom, looks like we are going to have a huge gap up open, do you think that this might provide an opportunity to short the SPX as a day trade?<< Hi Peter-- I am evaluating this and will make a decision shortly before the market opens. I am actually watching the bonds to see how they are acting after this initial flurry. Will post as soon as I decide.

To: peter n matzke who wrote (41913)	4/30/1998 9:23:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

Peter, globex trading has ended and I have placed an order to short the June S&P futures at a limit of 1112 or higher. This one is a tougher call than the last time the futures gapped up -- and more high risk in terms of the probability of success, because I am close to a buy signal on my system. But my stop, if the trade turns out to be bad, would hopefully ensure that the loss is not excessive. But I cannot stop myself out for the first 15-30 minutes. The bonds are not showing a lot of follow thru -- and so I am not overly concerned about strength in the bonds driving the stocks. Trade at your own risk -- also I don't know how well such a trade, if it works out, would be using options.