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To: jmac who wrote (1147)1/21/2000 4:30:00 PM
From: candide-  Read Replies (1) | Respond to of 35685
 
We ought to be able to snap off at least 15 point in the two days prior to earnings. Look what we did this week and today was options expiration.



To: jmac who wrote (1147)1/21/2000 6:48:00 PM
From: limtex  Read Replies (2) | Respond to of 35685
 
jmac -

IMHO the market starts its late Jan / mid March tank next week. The usual step down procedure....three maybe four down days, starting with a big one and then a mild up day or two just two. Six/seven weeks of this and then off to the races again in time for the April earnings season.

Nothing sinister, just a lack of buying pressure. Institutions can just sit back now and expect to pick up some very chaep stock in about five weeks time. Go on holiday, go skiing, go to the Carribean, go to Hawaii do anything but buy stock.

This it seems to me is a pattern. Not Barton Biggs or Mr G it is much more driven by the MMs and not malevalently so either...just the way they do business seasonally.

As for the Q provided you know when it is going to tank and when it is going to ramp or gap up you can get out and stay on the sidelines and jump in the day before any big moves.....problem is that there isn't anyone who can do this so the only thing to do is to put them in the drawer and forget about them!!!!! CDMA will do the trick over a yaer or two.

Best regards,

L