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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (28879)	7/24/2002 4:50:25 PM
From: Ken W	Read Replies (2) of 29382

Sergio relief rally...Today was a little more than that amigo. There are literally billions of shares short in the present market. Large and small hedge funds alike are sitting on 50 to 85% gains since mid 2000...they have got to be getting antsy same as we are when we are sitting on huge gains longer than 18 months. There was some real buying in the last hour as buy imbalances were running amuk on my screen. I'm not saying it is over yet, just that it is getting real close. 139.142.147.218 The bounce off of 4.50 was obvious...prices cannot stay below the bottom band and wait for the band to catch up. I'd bet on a consolidation period just below and above 5 for a while until something comes along to change the channel. I'll look at UNTD, I promise!! Up to my elbows in grandkids and swim lessons at the moment. Zack starts kindergarten next month too....so I go around singing abcd..efg...staring all over again. Ken Ken

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