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Strategies & Market Trends : The Good-The Bad and The Ugly

MAGS 63.84

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Feb 9 4:00 PM EST

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To: Oral Roberts who wrote (1671)	9/5/2000 10:09:34 PM
From: Tim Luke	Read Replies (1) of 8686

jeff..why are you playing with fire and why did you pick sape of all stocks to short??? let me give you a quick look at what im seeing..now keep in mind this is a stock that i have followed for over 2 years now i know its trading habits fairly well. 1....the buy call went out late wednesday and thursday...thursday i spotted the end to the split selloff and the stock went up 7 points... 2....thurday after the close viant warns..now viant is far from a sape...and sape is far more then just a web consulting firm....so come friday they hammer the stock down which was total BS..if it wasnt for this BS news sape would have hit 60 on friday..it had all the momentum going for it...this is a FAST moving stock. 3...now iixl warns...another small fry..so everyone is now worried all weekend (including myself) that sape might get hammered again,,,NOT because sape is weak but becasue the mm's will use any news they can.. 4....today...the naz is getting hammered all day....sape was powerful all day...traded up over 4 and held strong up to the end...at the end of the day everything pulled back....but sape still closed in the green... 5...sape was NOT downgraded 6...sape was the excption the the sector downgrade...the analyst who downgraded the sector said sape was a buy.. 7...sape is heads above anyone in this sector...they are one of the finest managed companies out there....and dont forget its in the S&P 500. 8...the naz is primed for a rally and i think it may start tomorrow....tons of money still on the sidelines and sape will get part of this flow...they imo are still very oversold....this is a sector leaders market..plain and simple. 9....not becasue im long but i think you are playing with fire my friend...i know this stock well and win it runs it runs fast....if it was to trade down i think today would have been the ideal day for it..im not trying to scare you but warning you of how this stock can move..if the naz takes off tomorrow you better cover your butt ASAP.... 10...my advise...DO NOT miss with this stock on the short end...

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