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To: Londo who wrote (129)8/8/2002 11:05:29 PM
From: Londo  Respond to of 181
 
The first order of ET went through @ 2.90.

The second order (2.60) remains outstanding.

My outlook on the market still remains positive until Tuesday morning.. (i.e. everything will trade up until the FOMC meeting).

The next stuff to hit the fan will be the SEC certification. I believe most, if not all, of the executives will sign the thing, and the 'uproar' that corporate America is magically accountable and honest will get really stupid investors to buy into companies for the rest of the week. Convienent to wipe out most of the put options outstanding for the August series.. but after expiration, WATCH OUT!



To: Londo who wrote (129)8/10/2002 12:38:13 AM
From: Londo  Respond to of 181
 
Oh, and about the ET position:

I would be convinced that the recent uptrend was a short squeeze if there was more volume in the stock. However, 6 million shares BARELY cuts it, which makes me think there may be actual genuine buying in the stock. Who knows why, but the point is that I shouldn't allow the market to take me out on the upside, but rather only allow the market to take me out on the downside. If the market takes me out on the downside, I will add more shares at 2.60.

So therefore, the following order applies:

Stop loss: Sell 344 ET @ 2.92 if it reaches this price. Stop order does not expire.