COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00400

+185.7%

Dec 5 9:30 AM EST

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To: Janice Shell who wrote (4684)	8/28/1997 8:10:00 PM
From: Dwight E. Karlsen	of 22053

Janice, the market may not be all that stupid. Remember that on a "W" chart, the second leg down must have a close which penetrates the prior low. That's what I was hinting at in my prior post to you. This W pattern is how I figured this correction would shape up to. The problem for me is, those 3 strong +100 point up days fooled me into believing that "this time would be different", and we wouldn't have to actually go all the way back to close below the prior lows. So I've been whip-sawed, and the pattern now is obvious, and looks like what I figured would happen in the first place. I think you could do well to cover tomorrow after the first 1/2 hour, then take a long position. I'm not at all sure that this is the time to back the truck up, but there is evidence that tomorrow or Monday could be the low point of this so-called correction. The +100 swings have let up, and I think this is calming people. So what is your idea? I wish I would have had the guts to go short on Wed of last week, right near the close, which was the top of the middle of the "W". If I had, I would be covering tomorrow. DK

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