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To: ItsAllCyclical who wrote (60010)2/9/2000 1:01:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
XTO broke 8, FST breaking 8. Sign of things to come?

XTO just broke 8 and a 20K sell block went off at 7 3/4. When you get technical breakdowns such as these valuation and rationality go out the window as they did with BSNX. We could very easily see XTO sub 7's, PXD sub 7, etc.

I'd be spacing buy orders out by more than 1/4 point. Make them count.



To: ItsAllCyclical who wrote (60010)2/9/2000 1:13:00 PM
From: jim_p  Respond to of 95453
 
Yesterday I placed orders for six stocks below where I thought I could buy them and went to lunch. I came back, and bought five out of the six. I sold all five in the last hour of the market for small profit on all five stocks. I didn't like the way the market was responding.

If you stick to the quality stocks and set your marks low enough, you will be able to get back out for a small profit or loss if you don't like the way the market is acting.

I don't think the OSX will go below 80.00.

This market can turn on a dime. The NASDAQ is down 30 points as I type.

I would stick to the highest quality and stay fully invested.

Jim