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To: skinowski who wrote (67038)2/21/2003 10:00:10 AM
From: JRI  Read Replies (2) | Respond to of 209892
 
We gonna be 'home on the range' most of today? edit: Or are we just waiting for 10Am wake-up bell-g



To: skinowski who wrote (67038)2/21/2003 10:27:36 AM
From: At_The_Ask  Read Replies (2) | Respond to of 209892
 
I don't really see the big ED but I think the fact that it broke it's october\january support line and retested from below is significant. It's bearish unless it can hold above.



To: skinowski who wrote (67038)2/21/2003 12:01:54 PM
From: Perspective  Read Replies (3) | Respond to of 209892
 
Ah, SYMC. I've been accumulating a long-term short on that for some time. My gripes: it's one of only a handful of Naz100 that are at their all-time-highs, which makes me immediately suspicious. It's up 7-fold since it's 1999 low. It's a hiding place of a batch of institutional clowns (top 6 hold 1/4 of float). Trades for over 30x cash flow, 10x book, and carries debt equal to equity. The interplay with $40 has shown the significance of the level, and the last push over it was low volume. I like the ED scenario a lot there. Even a minor drop to the bigger support line would take it back to $37.

Just gotta get something to give it that kick in the arse...

BC