Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Jerry Olson who wrote (42623)	5/8/1998 9:12:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 58727

The early returns on the bond are sorta grim I'm not certain how I shall play this, I'm short from 1102.30 on the futures ... I sold at 6:55 ET on Globex ... the odds favor a bounce somewhere after the first half hour or so, but the internal read I have is for a pretty much straight line sell down to SP8M 1065. What to do, what to do. I don't know. I do believe any bounce shall be short-lived. The overall picture on a daily basis appears to be declining tops so I would be surprised to see your bullish scenario play out. So although a bounce is favored from the point of view of a poker player I don't think it would get to 1110 on the SP8M which would be around 1106.25 on the SPX.