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Strategies & Market Trends : The Millennium Crash

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To: valueminded who wrote (151)	8/13/1997 12:40:00 PM
From: Arik T.G.	of 5676

Hi Chris and thanks, I gather you look at charts, so out of the ten DJIA stocks I posted on BK, I consider PG, EK and ALD as still very weak. EK might just gap down for the third time in a row. Hey, I doubled my GE Aug 70s and don't know if I should take profits or wait till Friday. I believe that writing calls on blue chips is the best way, cause it's quite clear that Coke can't pass 68 again, GE won't go over 70 and EK will have tough times challenging the 65 line it has just passed. Myself, I'm a gambling man, and loaded on EK Aug 65s at $1. Were I a more reasonable investor, I'd take the Sep 70s and PG Sep 150s. ATG

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