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

To: Tom Trader who wrote (42890)	5/11/1998 1:51:00 AM
From: Bluestryp	Respond to of 58727

Merger craze hits again: biz.yahoo.com

To: Tom Trader who wrote (42890)	5/11/1998 7:42:00 AM
From: Patrick Slevin	Respond to of 58727

Whichever thread you prefer. It would seem appropriate to take it off TSO only because it tends to dominate the thread and so would turn off others from posting on stock action. The stock action is really what the thread is for, of course, and to track intraday futures would swamp stock action. At least it would if I get off on a trading range tear. The hesitation you have is understandable, but exposure appears somewhat limited in that your positioning is in line with your long stance at this point anyway. I would think that if you keep your short-term positions to perhaps 25% of long term and maintain a mental 3 point trailing stop your exposure would be limited. Of course, you will lose sometimes. Also, developing an intuitive approach (although not in conflict with the longer term system) may prove to have some advantage. Although my intuition tells me to be wary of a market reversal I certainly will attempt to trade from the long side whenever the situation presents itself as being viable. In any event, I think today will likely have little advantage scalping from the long side early, as the futures action is already up and my preliminary look at likely action gives me the early action as likely to be weak from the long side. The afternoon should present more opportunity.