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

To: the options strategist who wrote (48802)7/29/1998 10:52:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
okay
first
it qualifes for the conservative gap strategy
opens lower than yesterdays low

now do you buy or short from that

10:30 looks like low of 48 3/8

we should get a quote for the low at 1030 and 11
to compare

and then compare what happens with both

be careful about bad ticks on this one

looks like quote.com has two possible bad ticks

the buying on a gap down is different than shorting on a gap down

From Scott:
"Full Gap Down: Buys

If a stock's opening prices is less than yesterday's low, set a buy stop equal to two
ticks more than yesterday's low."

Jen , I have to look at the definition EVERY TIME I am thinking about this to make sure I dont screw it up

yesterdays low 54 5/8



To: the options strategist who wrote (48802)7/29/1998 10:53:00 AM
From: Mark Z  Read Replies (1) | Respond to of 58727
 
Jen/Lisa

Per the riskier 'wait 1:15 and look at day's high/low' strategy, the following all are shorts:

CSCO 95
USWB 19 5/8
CMGI 66 1/2
RMBS 52 25/32

Prices are lows as of 1:15 into the market.


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