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Alright Mark! Finally sometyhing i can understand. Major kudos for putting
it on the line!
I think, fwiw, that there will be a huge blowoff into early y2k, my initial
stop would be 146950, and below 1458 I believe would be a failure of the
upmove and portend a significant breakdown.
I have much respect for your apparent intellect and insight into much of
the business of trading, but perhaps you might work on presentation. You do
stimulate thought - always a positive!
Regards,
Tom Alexander
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>
> ----- Original Message -----
> From: Mark Brown <markbrown@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, December 28, 1999 5:41 PM
> Subject: [RT] BUY the Y2K
>
>
> > Hello RealTradersList,
> >
> > I want to get long the SP here going into Y2K, so soon this week I am
> > going to get long the SP prior to Y2K thinking that the non event will
> > cause a run strait up afterward.
> >
> > However I'm not stupid and so I have figured that maybe I should go
> > short now first the futures and sell a put against my short position.
> > Then thinking that the markets explode slower up than down I will
> > maybe place a buy stop above our recent high to force me into a long
> > position which is what I wanted to do in the first place. When that
> > happens I'll take the loss on the future hold the put to expiration
> > and then when I flip the short future to a long position I'll sell a
> > call against my now long future position.
> >
> > Or I could just buy an in the money future option and sell an out of
> > the money call. Placing then a sell stop, which should probably be 20
> > points above where I actually want to be filled. That way I'll loose
> > the money on the purchased call, collect the short call premium on
> > the call I sold. Then be short the future, which I will sell a put
> > against somewhere in the free fall of the Y2K dilemma.
> >
> >
> > I generally hate to buy calls or puts and in my entire career Ii have
> > never bought a call or put of any kind on any commodity. I have chosen
> > only to sell them, but I may give it a shot this time.
> >
> > I may just say screw it no guts no glory and just buy the SP futures
> > and be done with it. Preparing myself for a 13+ percent stop loss I
> > would be willing to take. Which would be around the mid 1200 level.
> >
> > Bright Ideas? I'm all ears and running out of time. Mark
> >
> >
> > --
> >
> > .o©º°¨¨°º©[ WWW.MARKBROWN.COM ]©º°¨¨°º©o.
> >
> > <(©¿©)>
> >
> >
> >
>
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