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In a message dated 98-09-12 16:39:49 EDT, you write:
<< Subj: Re: sp500/bonds
Date: 98-09-12 16:39:49 EDT
From: OkieDame
To: Proffittak
Ben...
Enjoy your comments; you seem to be right on with the spoos and bonds. Any
current or updated thoughts? The break in bonds yesterday...continue to
123-16 from here? And what did you think of the spoos rally yesterday?
Thanks....a fan. :) >>
hello everyone
i got caught with my pense down on the last move down
had 6 sp500 calls (sep)
and bought 1 mini@xxxx
1 mini@xxxx
and i mini@xxx(sep)
sold all mkt on close fri
will use the big contracts long on monday
will buy 1 at open
will buy 1 at open plus 5
will buy 1 at open minus 5
proffit objective is 1040-1050
at that point will look to short.(bet the 1/2 of my account)
as for the bonds i had tuesday my stop@xxxxx 1 at 126 16 and 1 at 126
on wensday i move my sell stop to both@xxx 24 and thersday moved it to
ss 2 @127
week will buy on pull back the oex 30 points out of money calls for october
and sell on a rally the 40 points out of money sep calls
if the puts are more overpriced then will do opposite (selling a put is like
buying a call)
still see volitility but for experation will hit 8050-8150on dow
all bets are off if we take out 985 dec sp
have a nice weekend
Ben
p.s have a buy stop for gold@xxx
and silver@xxx
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