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Strategies & Market Trends : Tech Stock Options

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To: Compadre who wrote (55128)	10/9/1998 8:03:00 PM
From: BILL G. WRIGHT	Read Replies (2) of 58727

Please let me offer something in this area: 1. Historically, October is a very bearish month. 2. 3rd quarter earnings reports will start coming in next week and will really accelerate coming in the following week. It is always the negative surprise earnings that will drive the market down. Quite often even favorable earnings reports will cause those stocks to sell-off 3. You can bet that the move up today was mostly shorts covering their positions prior to the week-end. For some it will be a 3 days week-end. These same shorters will be back shorting the market about Tuesday or Wednesday.

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