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Non-Tech : Invest / LTD

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To: Thean who wrote (3789)	10/6/1998 12:45:00 PM
From: waverider	of 14427

Ah, nice. I knew I could make back more of those lost wages in the oil sector. We're headed to sub $10 on GIFI. Thean, CL I've been watching. Support seems to be around $62. However, it is a little unclear to me. Someone mentioned some rumor about tomorrow being a Brazilian IMF announcement. Who knows. What's your target on this one to buy in puts? My brain is a little exhausted with this market volatility. I would love to put LU, AFS, and maybe GE, but my head is too fogged to make a decision. For those of you looking for a lower price for the gold stocks, it appears we are running up again. I picked up some MAY '99 $25 calls on ASA this morning. As LT has mentioned, I too believe in this situation it is probably more profitable to hold your positions on gold and only consider buying more on downticks. For a guy who bought puts on CCI in 150+ zone and has held on for maximum profit, he appears to have the the market god's pulse. Take care when messing with Mt. Olympus ;) <H>

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