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I did buy 4 sp big ones at 1123
also bought 4 June sp 1120 puts
when we close above 1133 will sell the 4 puts at a loss ,, take a profit
on the 2 sp and put a stop loss at 1128
if you are right,,
and I see an intra day low of 1115,, will bail at a loss from all 4
sp
take a profit on 2 puts and stay long 2 puts
So
on the long side you have max loss of 3points times 4 contracts
but if I am wrong
will be making money on the short side too
----- Original Message -----
From: "gann_trader_19" <H.Albizem@xxxxxxxxxxxxxxxx>
To: <gannsghost@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 03, 2002 12:17 AM
Subject: [gannsghost] Re: [RT] Time and Motion Trading Test
> --- In gannsghost@xxxx, profitok <profitok@xxxx> wrote:
> > I will be a buyer
> > now this is NOT for the faint heart as this WILL take a while to
> climb back to 1160
> > nice evening
> > Ben
>
> a freindly advise..don't do it.
>
>
>
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