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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (17487)6/15/1999 11:47:00 PM
From: The Perfect Hedge  Read Replies (1) | Respond to of 99985
 
I think all of 'em are going to rally....I'm just looking for volatility and CMGI and EBAY have been moving 10 points in some direction every day...I'm tracking them with 5 and 15 min intraday charts....I nabbed CMGI today at 72 on a reversal stick.I'm hoping for a big selloff in the morning and then we can jump in for a short covering rally....I hate going long from the open because of sucker rallies you know..esp gap opens....

AOL at 105 and I'm shorting that sucker hard....
B*



To: bobby beara who wrote (17487)6/16/1999 1:32:00 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 99985
 
bb,
looks like a few people are thinking the same thing. I got into a couple AOL June 100c for a quick flip tomorrow. My target is $105 as well which corresponds to the triple bottom break a couple of days ago. I will re-establish July puts with a target of $75 when AOL gets to $105.

CNET looks like it will hit some resistance at $44. I see a target of $30 for CNET. Does this correspond to what you are seeing?

JXM


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