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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (3985)9/27/2000 1:30:27 PM
From: mtnlady  Read Replies (1) of 65232
 
Will do.. (see it again). My point was.. I *AM* seeing it again.. right now <g>. I wouldn't put it past the institutions to pump the market to sell into it then hit us again end of this week with another warning. I just would be real leery of buying a lot right now.. especially on margin.

Someone else said that it was the institutions just doing last minute window dressing for the quarter end. But that would only explain selling the stocks that haven't done so well. That doesn't explain selling the ones that have done well so far this quarter.

My read.. I think someone in the fiber optic sector is going to warn. LU is the only one I know of that might fit the bill. But like I said I only follow - closely - a hand full of stocks. I'm not selling my NT right now though. No way. We will see 80+ (easy) before the year is out. Some say 100.. It depends on the market. We are just seeing the sector move into the 'winners' and the 'losers' stage. LU is losing.

NT is a buy anywhere in the 60's. If it dips below 60 it is a blue light special!

p.s. To clarify. I am looking to buy more calls and buying back my covered calls soon. I am not selling covered calls.
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