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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Leland Charon who wrote (2928)9/1/1998 9:55:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
Possibly margin selling is anticipated.

I closed out all my short calls yesterday. They were making me edgy. I was short Sept 80s on GE for example. The recent decline in GE still only brought it down from the mid 90s to 80. I have owned GE since the 1980s; the IRS would have sent me a limo.



To: Leland Charon who wrote (2928)9/1/1998 12:14:00 PM
From: Patrick Slevin  Read Replies (3) | Respond to of 44573
 
Just checked Inger's HL.

Long from 65.

He thinks it's possible to have a 500 point rally.

That's it for me. I'm out. He is looking for a 1/3 to 1/2 retracement of the entire downleg.


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