|
PureBytes Links
Trading Reference Links
|
Brigitte,
I have traded the Dow futures only on brief occasions and but know that they
can be extrememely thin at times and in these circumstances, would most
likely prior to the opening, have a huge premium built in, ( likely to the
downside), that may never be seen again that day, once the day session
opens.
Advice I heard given here, given by some fairly respected money managers, is
that the best posture might be if you are long stay long or if flat stay
flat, don't necessarily buy a dip if it is to occur. In other words apply
your normal investment stance prior to this event, until things settle out.
Assuming your friend is long, to sell (or go short futures) then buy (or
cover the futures) reguires two phenominal acts of timing which, most if
any, will likely be unable to pull off?
Their advice is to stand pat. If your friend was an investor before, they
should stay one ("this too, shall pass"?) and if flat don't necessarily be a
buyer (or short stocks). If you have been waiting for a buying
opportunity, then wait for a what you perceive is the "price point or
pattern" you were looking for, then buy (but not necessarily Monday).
Notice each stance maintains their current investment approach, prior to
this unfortunate event.
Bottom line, wholesale buying to "show them" or selling stocks (or futures)
in fear, may not be the best course of acton on Monday.
The USA equally extends our heartfelt sympathy to the countrymen
(countrypersons) from Austrailia, Britain, Germany and I am sure so many
other countries that have also suffered tragic losses. Britain's changing of
the guard and playing the US national anthem yesterday was truly moving,
thank you.
Lets hope that all countries can unite to eliminate this threat from the
world, no matter how difficult the task.
As in trading, nobody said this would be easy, or be accomplished in a short
period of time.
don ewers
----- Original Message -----
From: <sptrader@xxxxxxxxxxxx>
To: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
Sent: Thursday, September 13, 2001 9:46 PM
Subject: Re: Dow Jones Futures
> Thank you for your help Don, let me know if I can ever be of assistance to
> you.
>
> :)Brigitte
>
> Don Ewers wrote:
>
> > Here is the 5min Data I have for 9-11-01 beginning at 825 EST (OH L C)
> > 9670 9685 9670 9685 8:25
> > 9680 9680 9675 9675 8:30
> > 9680 9685 9675 9685 8:35
> > 9685 9685 9680 9680 8:40
> > 9680 9680 9680 9680 8:45
> > 9685 9680 9650 9680 8:50
> > 9650 9680 9650 9680 8:55
> > 9670 9670 9665 9665 9:00
> > 9650 9655 9580 9580 9:05
> > 9570 9570 9490 9495 9:10
> > 9495 9570 9480 9570 9:15
> > 9560 9575 9520 9550 9:20
> > 9540 9550 9495 9500 9:25
> > 9450 9450 9300 9325 9:55
> >
> > I have no trades between 9:25 and 8:55 in my data base?
> > don ewers
> >
> > ----- Original Message -----
> > From: <sptrader@xxxxxxxxxxxx>
> > To: <omega-list@xxxxxxxxxx>
> > Sent: Wednesday, September 12, 2001 12:36 PM
> > Subject: Dow Jones Futures
> >
> > >
> > >
> > > A friend has requested my help hedging a stock portfolio with Dow
> > > futures. I do not trade dow futures, have no intraday data for dow
> > > futures, and my data vendor will be closed until the markets reopen.
> > > I'd like to find out where the overnight Dow futures traded in the
> > > half hour prior to being halted yesterday. I would greatly appreciate
> > > if anyone could give me intraday data for the current contract or tell
> > > me what the low was at the time the market was halted. I also need to
> > > find out what limit down is for the Dow futures.
> > >
> > > Further, I am attempting to sort out data discrepancies on daily oil
> > > futures contracts among various vendors. If anyone could send me one
> > > of the 2000 or 2001 oil (CL) contracts with info of who the data
> > > vendor is, it would be of great help.
> > >
> > > Thank you,
> > > BAK
> > >
>
|