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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (21887)	8/9/1999 12:09:00 AM
From: dennis michael patterson	Read Replies (2) of 42787

With the market deeply oversold, and Carpino seeing a bottom last thur/Friday, I went long IBM thursday at 118 and Csco friday at 60 7/16. I expect the bears will try to sell it down again this week, but if SPX 1290 +/- holds, the market will bounce. Bear in mind that Carpino has a high for 18 August to be followed by another sharp downturn into the 23rd. If that low comes in higher than the low of last thursday-- and I suspect it will -- then a quick 4-5 percent up in the averages is likely. That's where I am headed. Good luck to all. And, yes, I sold EMC at 62. Made 1 5/16 on the trade. A lot of aggravation for not a lot of money. AOL, in my opinion, is going to 60. AMZN will rise from the ashes, as will Yhoo and Cmgi. But AOL is in serious trouble, as Electric predicted MANY months ago! And Ebay?? I am sick of writing checks for my daughter for all the junk she buys through that thing. She alone is worth 5 points in the stock!

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