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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (16228)	6/17/1999 1:40:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

CD: DEMP - I would have to agree. There is no reason that I can see to be "excited" after the earnings release. If they had surprised, then some speculation would have been present about where they are going, but now I see it as a dead horse. Will still keep an eye on it though as I like the prospects long term. TJ

To: Canuck Dave who wrote (16228)	6/17/1999 2:07:00 PM
From: LTK007	Respond to of 56535

The key is the revenues are up and they are taking some one time losses----they have strong brokerage support(GS &DLJ) and are going to be opening their vastly upgraded on-line drugstore near the end of July,in which they will be selling the drugs from their own stores-not a bad way to increase sales--this is an internet plan with teeth-- and I do believe much of the selling is near term traders bailing to go elsewhere--as I said once before I did hold 13k shares in one stock as I got buried to a tune of being down 85k and ended up with a killing.It is a gut feeling play,may take two months at least to play out. Now have 6k shares at cost basis of 9.25,my big mistake was having made one purchase at 11.75(dumb reflex action to a pop,was stupid)-- The BKS situation in restropect was the big money was tuned into the fact the Ingram deal would collapse,which it did--just ask no one to judge this decision of mine on near term ticker action--like to see this as a thinking into the future chess move:)LOL!Max BTW I am still 50% cash,and have still the luxury of carrying paper losses--but it means my shorterm plays now must be well thought out.