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Technology Stocks : Stock Swap
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To: Papillon who wrote (17039)3/15/2000 8:35:00 AM
From: Patrick Slevin  Read Replies (2) of 17305
 
Today is hard to call, but I'm going to put in a Buy order for that Stock at 76 in the eventuality that the moves today are extreme enough to shake the heck out of the markets both ways.

The market has had 6 of the past 7 days show intraday DJIA Lows of triple digits. This is becoming a bit routine as there have been 25 such days in the last two months. On the 9th we not only had a triple digit Low we had a triple digit positive Close.

I somewhat expect that sort of day with a fair sized drop then a rally that seems to come from no where. But I don't have a lot of confidence in this read. As far as stock goes, it may be a shakeout day that scares people out of positions.

Best guess, anyway.
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