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Strategies & Market Trends : Angels of Alchemy

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To: Marshall001 who wrote (298)	5/25/2000 3:43:00 PM
From: If only I'd held	Read Replies (3) of 24256

I made a sweet decision yesterday that I wasn't 100% sure of last night. I had 3k CPIH that I had bought on the dip in the 8's in the morning and I opted to sell them at 9-9/16 to buy CTLM as I watched the underwriters squeeze Sherwood and SLKC a bit. (bought 1500 at 23, sold at 24, and rebought at 23-1/2, then held them overnight)I sold the CPIH when it became clear that SLKC had an unlimited amount of money and stock to short CPIH to the depths of hell...or lower in the face of heavy buying. I took my profits on CTLM at 29-15/16...not thinking it would do much after 30 and just took a peak at CPIH...shewweee. I wonder why SLKC would be shorting the stock so heavily though...I mean he shorted a lot of it yesterday...should be one to watch for a hell of a squeeze in the near future.

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