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Strategies & Market Trends : Sharck Soup

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To: StormRider who wrote (33670)	8/29/2001 11:31:18 AM
From: Jim Spitz	of 37746

StormRider, Always ask yourself if the particular angle the analyst is touting makes sense. Often when you do this you end up saying to yourself "What crevice of his devious mind did he pull that from???" If you don't buy it, chances are no one else will either. Often if there is some rise from it, it makes a good short which will drop within days. SCON did that on its last hurrah. It was dropping and some ANALyst puts out a $150 price target. It went from low 30s to high 30s.. Within a few days it dropped to mid 30s and within a few months was back where it belonged below $5. Unfortunately, I shorted too soon and didn't cover soon enough and it took my head off. Bad me. I should have known better and waited for at least the end of the day, and the next morning would have been perfect. Don't believe everything you read. Stay in the Black! jimS

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