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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: Greg Jung who wrote (83259)	7/2/2002 1:55:26 PM
From: Patrice Gigahurtz	Read Replies (1) of 99985

Greg: My biggest short term profit(s) were following 9/11 when stocks went on sale at absurd prices. I scooped up a bunch of individual shares and the S+P and Nax indexs following 9/11and sold the whole basket 3 months later for a 20% gain. I sat and waited for another buying op and figured such a buy-in op was upon me when the Naz broke below 1550 in early June. I've averaged into the S+P and Nax index since early June and although it's uncomfortable watching the daily drag on stock prices I think back to the days following 9/11 when lots of people gave up and threw their shares to buyers at absurd low prices. Those same people are doing just that again, selling America short, their saying this economy isn't worth waiting around for an earnings recovery. I'm not in their camp. Thanks

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