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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks
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To: Mike E. who wrote (1151)12/6/2000 6:31:37 PM
From: stomper  Read Replies (1) of 6926
 
Thanks Mike. Petered out toward the end today, but no complaints, QCOM has been a bull this last horrid month. Wierd day. Grabbed a couple good shorts off Jenna's cue, wasn't seeing it on my own today.

JJets and I were talking. There is no doubt the economy is slowing, particuliarly in the old economy sector. My wife sells steel for the largest private employer in the world and their shipments are off drastically. Their largest customer, Mascotech, is starting to lay off and their mill will be idled for three weeks (something they have not done for years). Re trading, these old economy companies have options priced at old economy standards, but the moves they have been making off of earnings misses are enormous.

I know many don't like the options but some of the premiums are so slight that you might be interested in looking...I have :-)

-dave
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