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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (5795)	10/8/1998 5:01:00 PM
From: JZGalt	Read Replies (1) of 18928

Tom, even the S&P had a reasonable recovery. You want to see insanity. Look at the last 5 days trading in FNM. Does anyone thing FNM is going out of business? Brushed $65 on Friday, went below $50 mid day today and ended at almost $59. CNC is another case in point. $30 on Friday, below $22 today, and closed at almost $28. The need for liquidity is very large amongst the thundering herds of mutual fund managers, but absent a comfortable cash levels it is very difficult to buy against the trend. ---- Dave PS, To keep my mind off the market, I've been making some improvements on the website. loosbrock.com 51 pages of content and another 50 or so pages of bookstore in association with Barnes and Noble. (Yes, there is a direct link to How to Make One Million Dollars in the Stock Market - Automatically!)

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