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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (113)	1/24/2000 12:53:00 PM
From: Steve Lee	Read Replies (1) of 30051

Just bought some more RMBS Feb 80 calls. With the stock at $78 5/8, I got these calls at $6 1/4. Not sure why cos the ones I bought on Friday cost $6 5/8 with the stock just above $76. Rationale is further confirmation today of the support around $76 holding along with a flurry of volume with no further continuation of the downtrend of the last few days. My EFCX bought at 2 11/32 is doing nicely, the stock reached $21 at the high today, nearly a ten bagger in a few weeks. If only I had sold all my cars and houses.......

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