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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST
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To: freeus who wrote (381)4/9/1999 11:35:00 PM
From: Joseph F. Hubel  Read Replies (3) of 10027
 
Well you would not exactly be in the same quandary. Your prior position left you with a max of $70 + $6.25(?). Current situation gives you unlimited up side potential, but with a $21 higher cost basis. The revised position would leave you with a max upside of $90 plus you would have $20 a sh less cost basis and back in your pocket. Just a thought.

Here is a story to make you feel better: Year ago bought 500 CPQ @ 26+ & 29+. Sat on the sucker for 7 months before it started any meaningful up swing to where it ended @51 at year end. Street found out the Butt heads stuffed the channel and in almost a blink in slid back to the low 30s. Like an idiot I did the ole round trip routine wiping out $11,000 in profits.

Now smart me thinks "oh boy, a buying opp." so I double up with another 500 @31 in anticipation. Today after the bell and well past the normal warning pre announcement period they warn of expected earnings of .15, 1/2 the streets .29-32. In after hours the stock is trading @26 and it's anyone's guess what it will do on Monday or what it will do to the rest of the tech sector. Another 5k or more down the toilet.... "FLUSH".

The real purpose of this story: CAN I HAVE THOSE BURGER KING COUPONS BACK?

JFH
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