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

To: Electric who wrote (48612)	7/27/1998 6:12:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 58727

Well I'm minor league ticked right now. Not that this is an intelligent way to trade....But my plan is to sell Globex because I think it was a gimmicked rally. Don't get me wrong, I was looking for a rally but the one that materialized made no sense. It had no breath and it had the flavor of strong money boosting it which gives it the appearance of a sucker rally. Early on I would have thought the market should be bought for a late day rush but the market was far too weak to suspect that the late motion was anything but a lot of cash coming in to scare the sellers. So I'm going to take a flyer on the short side either tonight or early tomorrow. Just a speculative short, in the belief that this market has more to fear from the downside than is apparent at first blush. Back to dinner.