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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (3697)6/15/1998 3:56:00 PM
From: Jorj X Mckie   of 34816
 
Hi Judy,
I cashed out on my BAY options before going on vacation (along with almost everything else). To be honest, I thought I would have a chance to get back into them at a lower price before anybody moved on them. Oh well, at least my Mom is making a little money on the buyout. I recommended that she ditch the BAY shares since I expect a rocky short term for NT/BAY. NT currently down 8+ points. I think the Synoptics/Wellfleet merger history will put a damper on strong advances for NT (I think I am saying that I agree with you). From a P&F standpoint, NT did not hold support at 60, and made a pretty decisive spread quadruple bottom break. I agree long term NT is good, but LU is better.
TD
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