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Strategies & Market Trends : Tech Stock Options

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To: Paxb2u who wrote (53867)	9/25/1998 1:23:00 PM
From: Trey McAtee	Read Replies (1) of 58727

peter-- tulip mania ring a bell for you? its just this...buy the dip still is a widely followed philosophy. we have to break down below 7400 for that to lose validity. plus...there is still the interest rate crap. the only way we are going to get a rally off of a rate cut is if its 75-100 basis points. anything less, and its priced in for a sell off. I am the most impatient person here...at least i think so. it is killing me to sit on this, but i know that whats going to happen is a lot worse than anyone now thinks. some here may feel don and others are negative. compared to me, they are positively optomistic.thus, i may not be the best person to ask about this. part of the problem with the 20's market was 10:1 leverage. that was supposed to have ended, but it just moved to hedge funds. the scary thing is, LTC isnt the biggest. good luck to all, trey

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