SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (42221)5/5/1998 10:54:00 AM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Lisa,

I was getting a tad nervous when the DOW was moving up to only negative 9. However at that time thhe NAZ was actually dropping and the advance/decline at the time was still strongly in favor of the declines. The VIX was up almost a point and the interest rates were still up. So I stayed in with my OEX PUTS.

I feel that my short-term technicals were to too high and needs to get back into the mid-range before moving back up, so I still feel we could continue down into tomorrow, and then up Thur slightly awaiting Friday employment numbers.

If the employment numbers are good the market will probably run up hard for 3-5 days into expiration.

Seeya



To: ViperChick Secret Agent 006.9 who wrote (42221)5/5/1998 10:58:00 AM
From: Patrick Slevin  Respond to of 58727
 
Friday could be especially rocky if the numbers are too strong.

For my own part, I went long 4 more contracts a few minutes ago with the idea that I will turn and get short around the 1117 area if it does not recover.

It is having quite a bit of trouble, is it not?