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


To: Patrick Slevin who wrote (4846)9/29/1998 3:33:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
Awfully tempting to sell it up here. The TIKI just hit a +28 as well as the SPOO running. Trouble is, it doesn't seem to want to slow down and there are no short term resistence levels on anything that might slow it down. Guess I let it run.

You going to short it on Globex tonight? Based on what I am seeing right now, that would appear to be the thing to do.....

No I will not play in that sand box...that is reserved for a different crowd! :)




To: Patrick Slevin who wrote (4846)9/29/1998 3:35:00 PM
From: Mark Z  Read Replies (1) | Respond to of 44573
 
I agree w/all you said. Uncertainty, risk...semantics. Didn't mean to imply much beyond that.

I did not take note of volume. My quote service has proven not very reliable for that. Besides, I was watching too many other things <g>.

Seems another way to play it is just go long the straddle the day before and exit right before the announcement. In fact that's why I was watching it. I thought about it yesterday but chickened out and opted to do it on paper.