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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: dli who wrote (6642)	10/31/2000 5:27:26 PM
From: Poet	Read Replies (1) \| Respond to of 10876

Oh Dave! Dem's fightin' words <ggg> The age-old FA v. TA argument. Bring it on. Frank, you reading this? What sayest thou?

To: dli who wrote (6642)	10/31/2000 6:38:19 PM
From: mtnlady	Respond to of 10876

We each have our own trading styles :) Read the Gorilla and King book by Moore and you will understand a bit more of where I am coming from. In addition I find that if I follow - and believe - in the companies I invest in then I can sift through the FUD from fact far easier.

To: dli who wrote (6642)	11/1/2000 12:47:28 AM
From: Lost to Voodoo	Read Replies (1) \| Respond to of 10876

re: the FCEL discussion, someone sent me this by PM: from OIN tonight: FCEL $76.56 +4.31 (+5.81) News continues to be the overriding factor in keeping this put play afloat. Tensions in the Middle East on Monday continued to put pressure on oil prices. Add to that an alliance between Ballard Power Systems (BLDP) and Millennium Cell (MCEL), in which the two companies will develop a hydrogen generation system for use with portable fuel cells and there was much excitement in the alternative energy sector indeed. This helped FCEL to close up $1.50 or 2.12% on Monday's trading. Today, with stocks rallying across the board, FCEL was lifted even higher. It appears that the head and shoulders pattern that was forming will not come to be, especially with FCEL's move today, back up above resistance at the 50-dma ($76.40). As a result, we are no longer initiating positions. So here we're getting close to the better risk/reward ratio you (Dave) alluded to, but the risk of the H&S failing gains prominence as well. This was my initial argument. However, having redrawn the neckline per my previous post I think it could still work from here (neckline will be around 80-81 tomorrow). This could still be the typical pullback to the break line. OI says "that was forming," but I would say it has clearly formed, been confirmed (by the break below neckline - on increased volume by the way, which is good) and is now being tested. The H&S does not appear as sure a thing as I initially thought given all the short interest, the higher right trough, etc., but I'm hanging in with my one little put and might even venture another if things look more confirmatory at some point. Another interesting experiment...