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ajtj99

04/28/04 6:45 PM

#24636 RE: utilityman #24635

A great entry allows great patience for a swing trader, especially when May options expiration shows Max Pain higher that this area.

I did lighten up on some trash longs yesterday, but I'm still pretty loaded here. Some stuff like CIEN is getting close to being stopped out. CIEN I'm allowing it to go all the way to 4.18 before I stop out because of opex, gaps, and a back-test of overhead resistance that's due. However, I will unload it next month regardless because of the 3-black crows on the monthly now.