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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: OZ who wrote (82406)	11/11/2001 8:27:38 AM
From: HairBall	Read Replies (1) of 99985

OZ: EXACTLY....I get tired of value investors condemning those that trade the trends making money up and down. Buying NTAP near its low on 9/27 yielded about a 200% profit near the rally consolidation highs Wed thru Thur of last week. As of Friday's close NTAP was still up over 170% from its 9/27 low. The P/E Ratio is now much higher as of Friday's close, about 89 today, but it was still pretty high on the 27th of Sept, but that did not keep me from making the play. The folks that say you can't read the markets consistently enough to profit nicely from the effort are always the ones that can't do it... Regards, LG

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