Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (29638)	2/10/2002 2:21:00 PM
From: Jan Crawley	Read Replies (2) of 52237

Paul, I have a Sanm story and would appreciate your(Dennis and others) point of view: A few weeks ago I caught a CNBC interview w/the short-seller Tice and he stated that his bear-fund was shorting Sanm(the emc sector) and the stock was trading around(above) $18. I checked the available F/a&T/a info of Sanm and.....Anyway...a week later the stock was dropping under $14 and I made a quick decision and mkt-bot 2800 shares and they were filled bet $13.87 to $14. On Friday, Sanm went to it's Sep-low of $11.75 with thin trading. I bot another 1800 shares under $11.80... Now, there were a couple of relatively(for Sanm's options volume) large Sanm calls opened on Friday- quote.cboe.com 1,000 Mar-12.5 calls opened(OI-252) 3,500 Apr-12.5 calls opened(OI-1370) My read is that the shorts were covering a little and there is a very good above Feb-$12.5 max pain support for the next week. Well, beyond that, what does the chart say? stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G Thanks!

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