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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (82729)	3/20/2001 11:43:48 AM
From: Perspective	of 436258

I agree with Allan here - wave structure, short-term conditions, and history favor a bounce here of another 10% or so on Naz, with resistance at 2300. I don't know why it would happen, except that either a) AG lobs the 0.75 grenade at us instead of squeezing off his 0.50 pistol or b) AG disappoints with 0.50, but everybody "expected" the disappointment and has already sold. This has all the look and feel of delivery of expected bad news - a 0.50 cut. Sell the rumor, buy the news. So you've priced in "bad news", and the news will be bought. And if the news is good (0.75) it will be bought "IN SOIZE". Be careful on this one - it's a trick question. <g> That said, earnings season is right around the corner, and I expect it to be unexpectedly bad. "Tomorrow, tomorrow, it's only a day a-wayyyyyy". BC

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