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Strategies & Market Trends : Position Trading Forum

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To: Tim Luke who wrote (4965)	11/2/1998 6:52:00 PM
From: Don Pueblo	Read Replies (1) of 7247

Tim, last Friday was the year end for the fund manager tax selling. I believe that the strong stocks today had some of that money flowing into them. Talk about gun-shy, I jumped on the PAIR train at 9 13/16 and bailed for a half. Jumped back in at 11 7/8 and bailed again at 12 7/16. I'm so friggin' skittish after the last 3 weeks, I thought the stock would tank a point each time I pulled the trigger. I got hit on both exits 1/16 above the ask, that's always a bad sign when you are trying to get out at the top...<ggg> Anyway, my point is that I think some of the "negativeness" will move out of the market this week, and the next couple of days should tell us what the big money likes for the next few months. They obviously like CIEN and PAIR, for two today. I'm staying away from CSCO, I have a bad feeling about their report on Wednesday. Good luck tomorrow, buddy.

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