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Dear Gary in Hawaii,
I'm cheering for you in your quest. I just found out from the Andrews
folks that they have a "Newton" line around 1106 to 1108 today in the cash
they do not give away the exact number to the public). I have been following
their stuff that links from betterjob.com and it has been reliable so far at
finding important tops and bottoms.(They bought bonds on the low day.)
What it means is this...if the S&P CASH market closes below 107 today then
they have a sell. These guys are basicly anti options except when "The market
conditions suggest that it is highly probable that prices will go in a
specific direction quickly"
Regards
Mitch
owner-realtraders@xxxxxxxxxxxxxx wrote:
> so when you wake up tomr. will the words "short cover panic" have a
special
> meaning to you?
> gary
> hawaii
>
> ----------
> > From: Proffittak@xxxxxxx
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>;
> > Subject: sp500
> > Date: Tuesday, August 18, 1998 1:37 AM
> >
> > good morning
> >
> > was away for long weekend (no posts)
> > DO NOT LONG THIS RALLY
> >
> > will use any strength today to short
> >
> > happy trading
> > Ben
Mitch Ryder
Ynos@xxxxxxxxxxxx
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wrote:
> good morning,
>
> just a quick update, i bought a 520 aug call on monday for 11.50, sold
> today for 24 3/4.
> then bought 3, 515 sep puts, for "7". then drove to the office that opens
> at 5am Hawaii time, 11am ny and deposited $500 more plus the 300+ i had
> left over gave me enough to buy a 4th 515 sep oex put for "7".
> now for the WEIRD stuff:
> as the guy was letting me out of the building (security stuff), in the
> elevator i mentioned i am accumulating oex puts, he responded by saying
> "that's my license plate"!
> WHAT? after i further questioned him, yes, a few years ago he bought puts
> and made enough to buy his car. INTERESTING COINCIDENCE, and yet another
> "sign".
> weird stuff ALWAYS happens to me! I could seriously write a book.
> WHAT DOES IT ALL MEAN, seriously, help!!!
> i usually don't pay attention to it, no, actually i do, but no one ever
> seems to care, or
> seem briefly interested, but the bottom line is???
> I have SO MANY more stories like this happen to me...........
> oh, the oex put guy in the elevator, i will give you his name and number if
> you think i'm lying. i just always have weird coincidence happen to me!
> PLEASE , i know it's mostly not trade related but has anyone had MANY or
> even some strange things happen or researched it or know where i should go,
> or what i should do to find out more?
> help!
> thanks
> gary
> hawaii
Mitch Ryder
Ynos@xxxxxxxxxxxx
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