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To: Sarmad Y. Hermiz who wrote (2425)11/1/2002 2:02:19 PM
From: Gottfried  Read Replies (1) | Respond to of 13403
 
OT *** WDC gain: well done in a difficult environment. :) G. [end]



To: Sarmad Y. Hermiz who wrote (2425)11/1/2002 2:02:33 PM
From: Jacob Snyder  Read Replies (4) | Respond to of 13403
 
OT: WMT sell/buy plan:

WMT (Walmart) is overvalued, and is one of the very few stocks that has not yet collapsed in this Bear Market. If consumer spending falls, they will get hit hard. The stock has been in a 45-60 horizontal channel since early 1999. My guess is, it stays in that channel (most likely), breaks below that channel (less likely), or breaks above that channel (unlikely, but I will cover at 65, in case I'm wrong).

Plan:
Sell short at 55 and 60.
Cover at 50 and 45.