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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (31339)	5/1/2000 1:15:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

A play of others I look at sympathetically.. <<STM (Stmicroelectronics--$192.38; +8.38; optionable (STM)): Announced a 3 for 1 split 3-20 before the open. Splits 5-8, effective 5-9. STATUS: STM has broken its down trendline and is moving in an ascending wedge pattern on the right side of its base. Friday's move down was on lower volume, in keeping with the good price/volume action we have seen (347,000; average is 690,000). Money flow is strong, and we still like this one. PLAY: On a break over 194 on increased volume, June $190 calls (STMFR) to buy. Technical play JNPR options..

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