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Strategies & Market Trends : The Art of Investing

PICK 49.09

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Dec 4 4:00 PM EST

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To: Vegas who wrote (135)	9/30/1998 3:27:00 PM
From: Sun Tzu	Read Replies (2) of 10657

The $16 target is myown estimate. I don't pick my numbers lightly and there is more to this number than just looking at the chart. I will get back to you on this when I get a chance. The $11 bottom seems to be holding well, so I would still recommend the same trade, though you may want to sell Nov 12.5 calls instead to lower your cost to 10 for a 25% gain. The absolute bottom on the stock is $8. By that I mean 8 is the level at which I'd be willing to fight the tape and double my position for every 20% drop in the stock. You should know that I almost never fight the tape and when I do, I almost always win big :) Do yourown due diligence and feel free to challenge any of my statements. Good Luck, Sun Tzu P.S. Analyst's 12 month target is $40. That is possible but I like to adjust my targets gradually.

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