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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: Jorj X Mckie who wrote (29686)4/21/2000 1:21:00 PM
From: Augustus Gloop  Read Replies (1) of 63513
 
I think the market in general but more so the nasdaq is setting up for another decline. The question is does the bubble burst as before or do we just keep having 50-75 point down days? Someone on the JDSU thread mentioned that it had a gap to fill at 57 so I went and looked at the Piff chart. I'll tell ya, if it declines below 72 it could easily see 60. The BSL lies at like 56 if I remember correctly. At those prices I would load the truck if the market looked stable. As with JDSU I think we would all be well served to check out some of our favorites and find that lowball area as we may just get a chance to pick some quality stocks up for real bargains. Again, that assumes the indicators are more on our side than they currently are.
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