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Ira,
Can you enlighten us with an example, since I only trade, "what are billed
as major event s" from the "news reversal trading technique". Obviously your
expertise utilizing options would be a welcome trading technique that we may
be able to learn from. I normally go flat ahead of these events feeling it
is gambling in lieu of trading, so I am anxious to hear your reply.
don ewers
----- Original Message -----
From: "Ira Tunik" <ist@xxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Thursday, December 07, 2000 1:22 AM
Subject: Re: [RT] Dow
> If one is just trading the underlying, then a cardinal rule should be to
be out
> of the markets when major announcements are to be made. If you know how to
> utilize options in volatility positions that are non directional, then you
put
> on these positions just before announcements are made and trade the
volatile
> swings with glee. The bonds are a classic example of where this works
> wonderfully. There is sufficient liquidity in both the options and
underlying
> bonds to allow one to trade some of the huge swings the bonds are know to
make.
> Ira.
>
> Don Ewers wrote:
>
> > Dom, all-,
> > True, but one should not neglect events that "make the charts", meaning
> > sometimes charts say one thing and an event and the price reaction to
it,
> > makes the chart say quite another and therefore a different story
unfolds.
> > We need to be flexible enough in our trading to accommodate this. Charts
> > rule until they fail, one good reason depending on your trading
timeframe to
> > avoid major events that have been built up to be market movers. It is OK
to
> > stand aside at times and let the story be told?
> > don ewers
> >
> > ----- Original Message -----
> > From: "Dom Perrino" <domenick@xxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxx>
> > Sent: Wednesday, December 06, 2000 9:46 PM
> > Subject: Re: [RT] Dow
> >
> > > My belief is that technical analysis already reflects ALL,that is
known
> > > about a stock including all fundamental factors. I believe that is the
> > > standard belief of technicians. It seems that is what you are also
saying.
> > > My original email to Bob may have been ambiguous.
> > > Dom ----- Original Message -----
> > > From: "Ira Tunik" <ist@xxxxxx>
> > > To: <realtraders@xxxxxxxxxxx>
> > > Sent: Wednesday, December 06, 2000 10:03 PM
> > > Subject: Re: [RT] Dow
> > >
> > >
> > > > Those factors would all have been factored in before you selected
the
> > > stock to
> > > > trade. They would be terrible if you were looking for a short in a
down
> > > market
> > > > and they would be wonderful if you were looking for a stock to trade
in
> > an
> > > up
> > > > market. After the selection, you would trade it technically. Ira
> > > >
> > > > Dom Perrino wrote:
> > > >
> > > > > Bob,
> > > > > In your opinion,what would you consider key differences between a
> > > technician
> > > > > and a fundamentalist ( like yourself ) if both let the market tape
> > call
> > > the
> > > > > shots on a day to day basis, and, as you well put it, keeping the
> > > account
> > > > > healthy.
> > > > > It would seem to me that the technician would have an easier job
since
> > > on a
> > > > > short term basis p/e, book value,sales, balance sheet, current
ratio
> > > > > etc.would not need to be factored into the trade .
> > > > > Dom
> > > > >
> > > > > ----- Original Message -----
> > > > > From: "Bob" <bobskc@xxxxxxxxxxxx>
> > > > > To: <realtraders@xxxxxxxxxxx>
> > > > > Sent: Wednesday, December 06, 2000 1:21 PM
> > > > > Subject: Re: [RT] Dow
> > > > >
> > > > > > An elitist? I hope not and I certainly hope that you detect a
man
> > who
> > > > > > doesn't send insulting comments about someone he knows nothing
> > about.
> > > > > >
> > > > > > As to the content of my mail, I was trying to state that as long
as
> > > > > > liquidity and beta are the principal drivers of the nas while
value
> > > and
> > > > > > common sense take a back seat, all gains should be viewed as
> > temporary
> > > and
> > > > > > unsustainable. As to "burning flesh", I don't care which way
this
> > > market
> > > > > > goes as long as it goes .. I let the market tell me what to do
on a
> > > day to
> > > > > > day basis and I don't fight the tape. My account is healthy ..
I
> > hope
> > > > > > yours is as well.
> > > > > >
> > > > > > Bob
> > > > > >
> > > > > > At 03:35 AM 12/6/2000 -0500, you wrote:
> > > > > > >Bob,
> > > > > > > I've been a student/investor for many years. Sounds to
me
> > like
> > > > > you've
> > > > > > >become "insulted" that the mob out there doesn't have your
> > > intelligence
> > > > > and
> > > > > > >prescience.
> > > > > > >
> > > > > > > Do I detect the burning flesh of an elitist?
> > > > > > >
> > > > > > >
> > > > > > >To unsubscribe from this group, send an email to:
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> > > > > >
> > > > > >
> > > > > >
> > > > > > To unsubscribe from this group, send an email to:
> > > > > > realtraders-unsubscribe@xxxxxxxxxxx
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
> > > > > realtraders-unsubscribe@xxxxxxxxxxx
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxxxxxxxxx
> > > >
> > > >
> > > >
> > > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxx
> > >
> > >
> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
>
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