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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Ron McKinnon who wrote (16680)10/7/1998 8:23:00 PM
From: Ron McKinnon  Read Replies (2) of 53068
 
the dow was down 1 today

if you had asked me without knowing, just from watching the tape, I would have said down 300
interesting

near panic selloff in many, especially financials and leisures (as I posted this am)

example; MRG, Morten Restaurants, crashed because an analist said companies will be cutting back on expense accounts do to the upcoming recession/depression

KRB came out with earnings this am giving me a huge gain on my hold over from yesterday
VRTS also gave a solid open gain

went into AVI and got my butt kicked

GCO looks like a solid buy for a hold here again

got a few flips, DSP REXI (whew)

in BKB FNN very small and closed even on them

bought COF all the way from 72 to 62, flipped some, down at close
but after market they issued a release saying everything is fine, so it was up 3 after hours
fingers crossed for another KRB on it at the open

NITE, just may be dead wrong on this one; a real problem now to hold, dump, or add; damn I hate decisions

this is about the most difficult market I have seen in many years
sure wish I listened to my own caution a bit more
need to put tape over half the buy key

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