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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: BarbaraT who wrote (9877)8/25/2000 10:28:35 AM
From: KevinMark  Read Replies (1) | Respond to of 24256
 
Had it on my list to short due to it's run up. I shorted yesterday and saw that it was to strong, so I covered. Shorted this morning in pre-market. Caught wind of the revised earnings after holding for awhile. Would have held regardless due to the recent run up in the Naz!



To: BarbaraT who wrote (9877)8/25/2000 10:30:48 AM
From: Kevin McKenzie  Respond to of 24256
 
Holy Moly,

I've been trading in and out of EMLX for the last several days. Just lucky to be out when the poop hit. How on Earth do they mistate earnings by that much and correct it this quickly?

I'm almost always look for a dead-cat-bounce entry on a stock down this much, but it's just too scary. It could easily go to the 20's.

I think it's halted right now.

My stomach hurts for those caught in this one.


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