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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jay Lyons who wrote (490)	9/18/1998 11:45:00 AM
From: Jeff Sutton	Read Replies (1) \| Respond to of 43080

Does anyone think the gap strategy is best avoided on options expiration days, when stock prices are under the unique pressure of option expiration price points? I note that your buy points for INTC (83 1/4) and LU (73 3/4) would have been triggered by now. Just curious .. .

To: Jay Lyons who wrote (490)	9/21/1998 9:23:00 AM
From: Jay Lyons	Read Replies (2) \| Respond to of 43080

Friday's Gap Wrap: Frenetic, aggravating day. Friday's sell triggers in every thing but INTC went off and then reversed all morning long. I got eight (!) sell signals and tried two reversals which resulted in flat trades before I decided to quit hitting myself over the head. MRK finally turned around near noon, this time I waited for it to clear 133 3/8, which had turned it around twice. Bought at 133 1/2 and cleared 1 point out of what turned out to be a 2 1/2 point reversal. Bought PFE at the same time, expecting it follow, but that resulted in another flat trade. Netted a little less than 1/2 after commission costs. Jay