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Strategies & Market Trends : LastShadow's Position Trading

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To: AlienTech who wrote (20996)	8/31/1999 11:41:00 AM
From: Jeff Jordan	Read Replies (1) of 43080

APLX from a previous post: But while Berry rates Applix a ''trading buy,'' he said the current buying was a temporary speculative craze. ''These moves are not sustainable,'' he said. ''I look for the stock to probably close down today.'' Applix may trade as high as $23 or $24, but it will likely end the day between $12 and $14, he said. I knew it would go lower....I don't like to hold shorts very long...like I said...I'm happy w/ 3 11/16 one day gain... But it's down another 3 11/16 today...<g> Now that bonds are down...watch SPX 1318 if we break that support we will probably be heading lower...I'm not sure what will stop us at this point? Bonds down hard now! Jeff

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