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Strategies & Market Trends : Stock Crashes

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To: Udo W. Perkuhn who wrote (360)	3/5/1997 9:13:00 AM
From: Leo C. Bouchard	of 400

Udo, there is more than one way to skin a cat. You sound like your doing fine with the short in and out trades. I've backed off of this for a while until the market really adjust to lower levels. I'm comfortable with ETRADE for the longer pull. No less than $30 but as high as $40. Why, a gut feeling. Even at these higher levels I won't sell but half the stock. They have such a good foot hold in there market and it will be hard for anyone to catch them. Also, I still feel they are a perfect takeover target. IMO. Others will try to jump into the on line investing market and this will just reinforce ETRADE position. Have see some large purchases lately, one for 75,000. Sounds like institutional buying to me. Check out their thread for some interesting details on this subject. Best of luck, it is always great to hear from you. Leo

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