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Politics : Idea Of The Day

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To: ViperChick Secret Agent 006.9 who wrote (22456)	1/11/1999 11:31:00 PM
From: J.T.	Read Replies (1) of 50167

Lisa, Take a look at EGRP chart as an example. Broke out near end of Nov. and then consolidated on low volume week of Dec 4 - 11 back to support of 22 1/2 area. ***NOTICE THE DEAD VOLUME AROUND DEC 11 to DEC 16 or so. Then volume spikes from say 1.5 mil to 3.7 mil to over 6 mil and off she goes Dec 18 on . Now look at the volume of EGGS last four trading days (anywhere from 1.2 mil to 2.7 mil) and then today 5.1 mil.. If we get any follow thru (which I believe we will), tomorrow we should spike to 7 to 8 mil +++ volume and she has a good chance of gapping up at the open to say 27 1/4. I am saying 29 intraday but not necessarily the close. If you have Jan options, pick your price to sell half GTC TOMORROW..., which should net you a profit over and above the remaining half you still own and either roll the rest of this money or get out of NUTZ and wait for opportunity to go short. Good Luck. JT

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