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Strategies & Market Trends : The Great B.K. Game

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To: bobby beara who wrote (1181)	3/1/1999 1:26:00 AM
From: Death Sphincter	Read Replies (1) of 1188

in regards to your EBAY and nutz observation the other day..... i also see them with an abc wave A down from their highs in Dec/Jan and I also see them with an abc B up from there, some appear to still be in the 'c' of this B wave (AOL, XCIT others) but EBAY certainly appears to be completing its 5 wave 'c' of the B wave perhaps the company release of the investigation will have a lot of long holders selling off some of their 'new' stock once the split is in...sure looking high percentage for the ole C wave down to kick in soon on most of these puppies i have been playing SCH both long and short for the last couple months.....they are a 'sideshow' internet with the same action but very reasonable options compared to the nuts.....just dumped some quicky calls taken on Feb 12th and bought a few Mar 70 puts, it could still have another $1-$2 up and if so will get some more....if we break the Feb lows on SP and DOW and the nutz start going it will be a good ride...hard and fast when it breaks those lows but first i feel the SP/DOW has to finish off this bounce, it just doesn't have a good look yet EW wise.....would like to see it finish off a nice clean abc with a nice clean 5 wave 'c' up to 9400 but it rarely does anything nice and neat does it? now EBAY? man that looks textbook stinky

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