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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 (20302)	4/6/1999 2:30:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Well, either we are about to rock the house down, or you will get a hard sell. No way this market stays quietly in a range when the TICK is -700 and has been way negative for some time. Either it tanks or goes up....either way, I think it will be fairly strong. Might want to keep the kid out of school for a day and stick around for the bewitched hour...it might be kinda interesting today.

To: Patrick Slevin who wrote (20302)	4/6/1999 2:43:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

I was going to do a paper long at 32 with a stop at 29.50, but instead decided I am going to SAR OJ and myself. He may not like it but so what. SARing the whole bunch at 1332. Don't recall our basis, will have to check again. Took a small hit on the short. Will EDIT our long position momentarily. EDIT - Found it, we were short at 1272, SAR'd at 1332 for a loss of 50 points per contract. This means we are breakeven at 1382 even up. Once we get there, and we will of course, we are going to a 10 contract position. In the meantime, we are down 50x16x$250 or $200,000....no big deal.