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Strategies & Market Trends : Stochastics

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To: Copeland who wrote (876)	10/24/1998 12:13:00 AM
From: Cathedra	Read Replies (1) of 927

You know, Cope, it's hard to type while eating crow. I positioned myself for 100% short and finally got a down day. But the profit-taking was orderly and the stock I shorted (MSPG) actually broke out to the upside. Very depressing. Could you and Wayne help me to figure out at what price I should cover MSPG? I am afraid I have lost objectivity on this one. The broader market is just shockingly bullish. Not only are people buying, but they are buying all the beat-up, illiquid stocks. It will be interesting to see how investors react to a meaningful pullback, whenever that may be.

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