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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Cynic 2005 who wrote (49272)6/24/1999 1:52:00 PM
From: John Pitera  Read Replies (2) of 86076
 
I think that I would close out all shorts on G at 36-37.

It will probably perform in line with the market, if we drop another 500-700 points on the djia, it will head toward the 37 area, I would imagine.

It is rare to see a big cap stock have two successive gaps lower, price gaps of the magnitude of G.

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