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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: B.Long who wrote (20933)	2/22/2000 11:41:00 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

SVNX finally bouncing off 115. . now at 117 3/4 . . . Take a look at SCON. . . tons of shorts trying to get it down. . . .but in boxing it in too soon. . .they are losing control. . .look at that positive money flow +6 mil. . . .they couldn't hold 5/8, then lost 3/4. . .now they are working 36 1/8. . .yet money flow is still increasing and buying is outpacing selling. . . Shorts either need a huge infusion of cash to help work it back down. . .or they will soon be holding on to their hats. . .as SCON is on every daytraders watch board. Sold the rest of GBLX when it started trading. . .no trades on IPI yet. . . the ask is way too high.. . .what's the sense? They lowered it from 270 to 250 and still no buyers yet. . .I would think they will need to hit about 215 before they get sufficient buying to start moving it back upward. . . we shall see. EDIT. . . NOPE! Too rich for my blood. . .GBLX at 48, with IPI at 245 . . .already at a 5% discount and no more. . . not worth the risk. What a premium for IPI. . .+105 right now. Rande Is