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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (21131)	10/2/2000 4:41:35 PM
From: Magnatizer	Read Replies (2) \| Respond to of 29382

Sergio Thanks My reasons for the bearish stance on PKI are based on the technicals. First there is a magnet overhead at 107.80 which is holding resistance well. And second there is a topping pattern called a butterfly which is present. It is a pattern which uses fib levels to measure likely top areas. It pointed to 102 area as the place to short PKI which is where I am entered in my real account. The day after the entry PKI recieved a upgrade from warburg and has held the gains. I have a stop on my personal shorts in the 109s. I will hold the long calls if stopped out as it will likely head to the 120s in a hurry. This is not a play for the risk averse. ht Mag