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Pastimes : How to best deal with KOOKS at this web site

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To: Bill Ulrich who wrote (980)	7/26/1997 3:50:00 AM
From: Gottfried	of 1894

MrB, thank you for your advice on WMAR. You said >Put in a GTC limit sell at $24. Let it go till mid Sept. Buy more on New Year's Eve.< The resistance is around 25 - I guess that's why you recommend the GTC limit sell at 24. WMAR was only supposed to pay for my new computer. If I sell now (and ignore taxes) it almost does. Last year was unusual for WMAR. They doubled the number of stores. There is no encore for that - and now reality has set in. I doubt WMAR will command the high PE of last year again. They'll earn about a buck this year. I don't trust seasonal price variation patterns either. There are some parallels to IOM. Both have solid businesses with a near monopoly, but won't see their former irrational highs for some time. IOM will grow much faster than WMAR. But WMAR is safer. After all, there is nothing, just nothing, as satisfying as messing about in boats.<G> Take care! GM For some of my ramblings on the AMAT thread please see exchange2000.com

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