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Strategies & Market Trends : Bill Wexler's Profits of DOOM
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To: Bill Wexler who wrote (3803)12/9/1998 8:51:00 AM
From: Bill Wexler  Read Replies (1) of 4634
 
Back up the truck on IFMX and CPU

I strongly recommend steady and aggressive accumulation. Don't even THINK about selling should IFMX scrape 10 and CPU touch the mid to high teens in the next 90 days. Hang on for mid-1999. For those of you that use margin and are a bit nervous by the prices thrashing, I would recommend hedging a portion of your positions by selling out-of-the-money calls expiring in Q1 1999 (this is also a method to pay for margin interest).
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