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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Jorj X Mckie who wrote (8439)	4/19/2001 3:04:42 PM
From: John Pitera	Read Replies (1) of 15481

Reflecting on SEBL the past 3 days people were shorting it yesterday morning and it lagged the first half of the day due to the rumors of big layoffs and a Bad Q. so not all of the morning shorts covered as they got trapped by the Fed, then more shorts sold it as it collapsed in the afternoon, into the earnings. The earnings, revenues etc were really pretty darn good and so it exploded up this morning. there were certainly shorts put on several days ago and even earlier, so there are 3 or 4 rounds of shorts that are running for the exits, and then Goldman puts them on the preferred list today and Voila One juiced stock.

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