To: Jenna who wrote (41063 ) 5/19/1999 6:01:00 PM From: Jenna Respond to
We need a strong open tomorrow so we can enter some positions. So many plays triggered either early in the morning or late in the afternoon, which was not so bad. When waiting it never hurts to grab a couple of points with the trusty old OEX.. They have 5-10,000 volume run real quickly, but you can get in and out like a shot, and you don't risk not getting a fill, ever. The second little blip today if it doesn't open down tomorrow can be worth 1 or 2k or more.. same as the first. The point is traders, that don't get into situations (options, large portfolio positions) that are hard to extricate yourself from. Buying is easy, its selling thats hard.. especially if you are at disadvantage of having a losing position. If they are winning, its great. Everyone was really eager to get my stocks this morning.. Look what they did with CREE, CPRT, ENTU, GALT, HLIT etc. They even took ETEK.. The PVN options were okay since I paid more so they held up better, but it was ticklish not knowing. Even by 10:30 they were down only 40% which was 45 minutes after I dumped.
