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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: wildandwonderful who wrote (13443)	4/23/2002 11:29:55 AM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

ljmi: "Thinking of shorting RYL in the 110 area ?" These are the lessons of the market but, fwiw, your sentence is a very dangerous type of sentence, at least for me. Why? Because it assumes and implies that there will be something about the $110 level that was different than the $90 or $100 levels in RYL. It builds in a sense of anticipation and "story" to these stocks and, at first whiff of a pause at 109 or 110, the unwary speculator is sucked into the absolutely credible story of the housing bubble and imminent fall of the homeboys. The problem is the fall for RYL has been imminent since about $75. The charts will provide the clues at the proper time. For now, they are providing clues pointing in the opposite direction. Kb