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Strategies & Market Trends : gary smith shorts and longs

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To: backman who wrote (336)	2/4/1999 10:45:00 AM
From: Nevada	Read Replies (1) of 430

Re IBM- Help please First of Jan GS posted a chart of IBM and stated that he thought it was headed for the 160 area. I mainly use macd and that chart (daily and 60 min) agreed with him. I shorted the stock and maintain the short position as the macd still looks very neg. But yesterday in his column, GS indicated he had covered his short. Any idea as to why he do this would be appreciated.

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