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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades
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To: George K. who wrote (245)5/26/2001 10:33:23 PM
From: Jenna  Read Replies (1) of 1227
 
VRSN is not one I would expect to have warnings. If that moves down it would be a natural correction. I was surprised at first to see VRSN move from 44 to 65 so quickly but the next day after the earnings report I moved into the long side quite solidly. My 'souvenir' of the expectation of the downside reaction was the 40 May puts which of course were worthless. Once a company resists downside and has a good report, opinions should be flexible as well. Maintaining a staunching bearish stance despite obvious earnings results is a lesson in futility.
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