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Strategies & Market Trends : The Good-The Bad and The Ugly -- Ignore unavailable to you. Want to Upgrade?

To: gerard mangiardi who wrote (1498)	9/2/2000 2:19:28 AM
From: Tim Luke	Respond to of 8686

hi gerard... we sold our exds for an average gain of 15 on our second position trade....25_ total in the last few months.....i have waited and waited for a dip in sape and i finally got it on wednesday....on thusday i spotted what was the end of the split sell off and added even more and called the buy in the chat room....sape took off and closed up 7 points on thursday...all was well and we on fire....THEN this damn vian warns which is a small fry and should not have affected sape the way it did...sape would have blown past 60 today if that didnt happen...the momentum was in full force....BUT sape is a high flyer and can move up or down 10 points in a blink...and that is why i waited for a nice size pullback...so now what?...well the analyst who cut this sector made it clear sape is an exception and i agree 100%...if you look at their past earnings you will see what a well managed powerhouse this is.....now since sape is a high flyer and moves fast up or down on little volume it was expected that the mm's would hammer it down today...shake out the weak was their goal..well that is fine and its how the game is played...i was right on the money with thursdays call for teh end of the split sell off and now it was rally time....all panned out...hell i sure didnt expect POS like vian to come out and pre warn...so now im sitting on a small block at 48 average...and im quite pleased with my holding because i think i know how this stock trades well enough to hold on even if they take it down a few notches on tuesday....sape is the gorilla of this sector and will no doubt re-bound in gran fashion....i think by next week the naz is going to rally big time and sape will follow suit....im still shooting for a target of 60 next week and at that poiint i will decide to either sell or hold...sape should have no problem meeting and beating its 52 week high this year..... i made a big mistake selling arba too soon...we all got in arba in the 90's and sold at 122 after earnings...great gain but even better if we help...i think tuesday if it dips in the am you should really give tis one some serious thought...jerry greenberg will not fail his shareholders.... good luck