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To: Louis Riley who wrote (602)10/27/1999 10:27:00 AM
From: Eric Fader  Read Replies (2) | Respond to of 1239
 
I was about to say the same thing, but it held yesterday's close. Could go either way, short-term, IMO, depending on which end of the 79-89 range it breaks out of. Any shorts from 7 trading days ago who are still around must have deep enough pockets to withstand one more little pop, if it comes, and there will be additional pressure from new blood. I wouldn't want to be long right now.



To: Louis Riley who wrote (602)10/27/1999 11:22:00 AM
From: D. Chapman  Read Replies (1) | Respond to of 1239
 
I've been a follower of Louis since his days on the Shark boards. It has never been the same since.

He hasnt been posting on SI for several months. But i recommend everyone following his posts. He has made me money. Period.



To: Louis Riley who wrote (602)10/27/1999 7:56:00 PM
From: Louis Riley  Read Replies (2) | Respond to of 1239
 
Another subtle sign of the impending pullback: the stock could never regain the morning high even as the spoos and indexes screamed straight up into the close. I was frankly suprised it recovered intraday resistance at 85.

I know it sounds ludricous to cite its inability to close on or near the highs again as a sign of weakness, but it is. The fact that it closed near the midpoint of today's range shows that the shorts may be done buying. Now who will be left?