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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (31814)	10/3/2000 11:53:26 AM
From: Hobie1Kenobe	Read Replies (1) \| Respond to of 42787

Jan, Closed my IBM short this a.m. for a tiny profit as well. My guess is that by the time CNBC starts reporting about traders fading the open, we've probably hit a s/t bottom as the herd will now be trying to do this. Purely contrarian speculation on my part, but I'm now long NTAP for a trade. Best, JF3

To: Jan Crawley who wrote (31814)	10/3/2000 12:17:40 PM
From: dennis michael patterson	Respond to of 42787

agreed! stress everywhere

To: Jan Crawley who wrote (31814)	10/3/2000 12:18:56 PM
From: adcpres	Read Replies (2) \| Respond to of 42787

Jan, if you want to catch the BIG one shorting, you need to go with something with more volatility than SUNW to increase your chances. Of course it can kill you if you are wrong -- lots of stress. Near the close on Thursday when you pointed out SUNW for a possible short I went ahead and shorted it along with CIEN, ITWO, EMLX. Today the shorts are closed out for the following gains: SUNW 123-5/16 down to 112 = 11-5/16 ITWO 192-3/8 down to 154 = 38-3/8 CIEN 130 down to 112 = 18 EMLX 130-15/16 down to 111 = 19-15/16 However, no shorting today for me. I am going deep into LONG territory looking for the mid afternoon rally after FED announces around 2:15 or so. Good luck. GH