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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.001300.0%Nov 7 11:47 AM EST

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To: Glenn D. Rudolph who wrote (3854)8/17/1997 6:33:00 PM
From: Janice Shell   of 22053
 
Glenn--

If Janice had had more faith in her approach, she woulda made out like a bandit last week, instead of garnering a modest (very modest) profit. She is currently engaging in massive self-criticism.

I was absolutely convinced at the beginning of the week that this market was headed DOWN for entirely technical reasons. That having been the case, I should NOT have chickened out and sold my early puts just because the PPI came in well. Correction: sold the first ones Tuesday, at a nice profit (but if I'd held?); the second (not very many) at a loss Wednesday morning because OF COURSE we'd rally through the day....

And should never, ever have bet on the MSH Thursday following the benign CPI. Got out with a whole skin, almost, but it was STUPID. And to complete this sorry week's worth of trading, should the hell have held the OEX 885s I so brilliantly (no kidding) succeeded in buying at 1 5/16 on Friday at about 11:30 UNTIL THE CLOSE.

And this is my point: the picture still looks bleak technically. So I, at least, don't give a damn what comes out of the FOMC meeting. Hope it sparks a rally I can short into...

As I've said so often before: I HATE EVERYTHING.

Janice
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