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Strategies & Market Trends : Rande Is . . . HOME

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To: John Miz who wrote (7946)	6/4/1999 12:52:00 PM
From: Rande Is	of 57584

John, I am watching T now and then. But my feeling is this. . .54 is a strong support level. We could buy here, but I would rather buy at 56 down the road when the worst of the market declines are over, than I would here at 54, only to watch it fall to it's support at 45. So I really want to buy T at 45 this month. . . and if it does not fall there by the Fourth of July, then I would consider it anywhere in the mid-50's. Unless they get some incredible news soon, I don't see them moving up from here. . .but lingering all month while slowly drifting downward. On a day when the market takes a BIG dump, this would be one to grab at 45 on the bounce with the big boys. . . I don't think they will let it sit there long. Could be worth about 5 points on the bounce. . . but still may visit 45 a second time, in my opinion. Rande Is

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