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Strategies & Market Trends : The Good-The Bad and The Ugly
MAGS 67.15+0.2%Dec 9 4:00 PM EST
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To: Tim Luke who wrote (1510)9/2/2000 4:08:51 PM
From: Tim Luke  Read Replies (4) of 8686
 
date:.............closing price (rounded off)....

4/05/99............75
4/19/99............52

4/23/99............64
5/20/99............75

5/27/99............62
6/07/99............72

7/09/99............47
7/27/99............57

10/08/99...........86
10/20/99...........102

11/01/99...........138
11/03/99...........128

11/05/99...........136
11/08/99...........72....split date (traded down for a couple days just like this split then headed higher)

11/12/99...........87
12/01/99...........75

12/13/99...........106
12/31/99...........140

1/06/00............93
1/07/00............103

1/21/00............138
1/24/00............117
1/25/00............125
1/26/00............118
1/27/00............119

1/31/00............86..not sure why the stock took this hit)

2/03/00............79
2/10/00............89

2/29/00............71
3/03/00............109

3/09/00............118
3/15/00............89

3/20/00............100
4/03/00............75
4/04/00............95

4/14/00............59
5/01/00............84
5/04/00............102
5/17/00............117

5/23/00............88
6/02/00............116

6/12/00............111
6/27/00............95
6/30/00............106

7/11/00............97
7/13/00............116
7/14/00............122

8/08/00............145...pre split sell off starts
8/28/00............104

8/29/00............48..sape splits and trades down for a couple days like the prior split.

8/30/00...i call the buy in sape....spot the split sell off ending.

8/31/00............52...split sell off ended and sape starts to rally....

9/01/00..sape takes a hit from the BS vian warning...sape should not have taken this hit but that is how this nasty game is played..no way around it....if vian didnt warn sape would have traded in the 60's on 9/1 instead of down from 52 to 48...

summary:...my point to all this is that you can see by all these dates and prices how sape trades on its pullbacks....

so now we have just landed another pullback...we could trade down a few more ticks but im quite confident sape will power back just like history has proven over and over again...i have followed and traded this stock for a couple years now so i think i have a good feel for how it acts....im expecting the naz to start a rally ot 5k and spe will follow suit....my mental sell target for the crazy train crew and myself is 60 to 68 range and that is within a few weeks or much less...the stock is way oversold and can gain 10 to 15 points in a blink...

good luck and thanks for taking the time to read this..
8/31/00
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