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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Druss who wrote (40527)	7/7/1999 6:36:00 PM
From: 24601	Respond to of 122087

The pattern you are not familiar with involves options.

To: Druss who wrote (40527)	7/7/1999 6:38:00 PM
From: Jesse Livermore	Respond to of 122087

The stock (WAVX) has travelled from 14 to 29 to 12 to 27. It is now 15 1/4 so if you want to break the longs you will have to take it under $12 as Anthony knows. The insider selling has been modest. The volume has been large and somebody is buying the stock from the sellers. We have to take stock from shorts, S1 sellers, and impatient longs. Most of the faithful are already in. The stock is still unknown so it is correct to wonder who is buying. Who is on the other side of the large sell orders? Time will tell. The shorts have a nice profit but until you cash out it is paper only. That's the market. I have to admit it was a great short at 19, an even better cover at 14 3/4 if you got the trade off. Tomorrow is another day. Not just Any Old Long, Jesse