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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Jerry Olson who wrote (12531)1/12/1999 10:59:00 PM
From: Tom Trader  Read Replies (2) of 44573
 
>>HEY OUT THERE????????? DID EVERYBODY DROP DEAD????????????? HELLLLLLLOOOOOOOOOOOOOOOOOOO..........:>} <<

Hi OJ--

SI has been incredibly slow for me the past couple of days and when I have gotten through, I've been "squided" -- so I've been unable to participate in the discussions. In fact, I don't even try to access SI during trading hours--unless access is easy!

Scott was kind enough to post my signal when the system went short yesterday.

Re your "internut" holdings -- be very careful!! We've seen a parabolic rise in the values of these stocks and the one thing that you can be sure of is that parabolic increases almost always end up in an uncontrolled sell-off with every one wanting to bolt at the same time. Now it is possible that it may go a lot higher in the mean time but when if comes down, watch out. This sort of price action reminds me of the late 70s when the silver market took off and reached $50 an ounce -- when it turned one saw successive limit down moves and in time to come silver traded at $3+ an ounce. So if you want to enjoy what's left of the ride in a stock like CMGI, you may be best off buying some protective puts -- that way if it breaks badly you'll not be left paddling in the proverbial creek. I know that the puts are expensive but it would be worthwhile insurance. There are more complex strategies that you can try -- but you are not a complicated man so ......... At worst, you'll your puts will end up worthless and who knows -- may be CMGI will double yet again!!

EDIT--Curious thing is that the SI spell check did not pick up the word "squided"!
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