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Patrick:
What difference does it make that the OEX split?? INTC
split, MSFT split, CPQ split, every stock worth a hoot
splits. So what if an index splits. Its all a fiction
anyway as to how the index is figured. If you can trade it
at 900, you can trade it at 450. I guess when it goes back
up to 900 you'll trade it again. Remember, it wasn't that
long ago that it was 450 BEFORE the split.
Dick
-----Original Message-----
From: Patrick Slevin <pslevin@xxxxxxxx>
To: RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
Date: Monday, February 16, 1998 6:57 PM
Subject: OEX: It's split and it's consequences
>With all due respect to OEX traders, before the split I was
in and out
>of OEX positions 3 or 4 times a day.
>
>I never touch it now, I would rather trade SnP futures.
Splitting the
>OEX killed the trade for me. I suppose they did it to make
it more
>appealing to the average Joe/Josephine but I for the life
of me cannot
>fathom why anyone would risk their neck in this environ.
>
>Not that I would ever touch it again, but would anyone care
to discuss
>the pros and cons of trading this dog?
>
>--PJS
>
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