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To: Diamond Jim who wrote (9949)12/17/1999 2:11:00 PM
From: Scott Violette  Read Replies (4) | Respond to of 13953
 
Breaking and closing below $30 DOES NOT MEAN a slow and painful death to the low $20.

This is as predictable as a clock. IT IS OPTION EXPIRY. It is how the people who sell options make money. EGRP will close at $30 +/- 1/8 to screw the most amount of money out of the options. It is that simple.

OBV is going up on EGRP. This is a bottom.



To: Diamond Jim who wrote (9949)12/17/1999 2:59:00 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 13953
 
29 would be a double bottom break. This would bother traders more than investors. A print of 26 would be the real concern as that would break the uptrend line on a P&F chart.


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