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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (16385)	7/24/1999 12:24:00 AM
From: Ken W	Respond to of 29382

John, You called the 5 .25 my friend. I said 5.50 as support, but you nailed it on the nose..Who taught you to TA that well? ;-)) 7 does look to be the next spot to the upside. I see very little downside at this point as the earnings yesterday should have provided a big hit for the stock...,however, being tied to the price of SIII makes this one of the safest plays I've ever seen. DIMD will follow SIII with a slight discount to the actual deal till just prior to the close of the deal. I would expect a small sell off at that point do to profit taking then close nearer to the actual ratio of .52 of SIII's price. Remember that the deal is not due to close until Oct. so there will be many trading opps to this play. Ken