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Technology Stocks : Keane The leading y2k service provider

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To: Grashopper who wrote (781)10/8/1998 12:07:00 AM
From: Lee Lichterman III  Read Replies (2) of 1316
 
Just want to clarify something. I am not recomending going long at this time. Look at our chart, CSCO's chart and most of the other stocks out there. Then look at the OEX, SPX, NASDAQ etc and then look how the DOW is being held up so the average bloke won't see what is going on. We are in for a HUGE drop soon in the DOW. I think the index charts will look like ours when this is over. I am just making an extremely small gamble we might delay they big drop and do a short term rally until after options expiration before the meltdown occurs. If not, we could drop 1000 points on the DOW tomorrow for all I know. I think this market is going to get slammed hard but I think KEA is near the bottom and with earnings coming up I figured if I could get in cheap with plenty of time to wait, why not see if there is a bounce? If the drop doesn't come and there is a rally next week of some sort, I wouldn't be long after next Friday. On the other hand, if they will give me in the money calls after a 50% haircut on a stock growing 100% a year and give me a strike 6 months out for a couple bucks cheaper, I will buy more. If I lose, I will just short more AMZN and DELL until they both hit 45 <g>

Lee
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