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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (600)	10/27/1997 11:25:00 PM
From: ftth	Read Replies (1) \| Respond to of 1589

My candlestick analysis says I should have bought November 75 PUTS on OXHP on Friday. A Black Hole formed friday by the close (it's a new indicator I just made up). Black holes form when massive stars undergo total gravitational collapse, so it seemed an appropriate name. The next black hole........TKLC......it's gotta happen. It's just not likely that it gets to hold its 500% gain this year while other equally outstanding companies get bludgeoned. The only way I can see this holding up is if people consider this a "flight to quality." A quality company, no doubt, but I can't see new money coming into a stock that's up 500% this year when those are exactly the types of stocks that are getting pasted the worst. I just don't understand why this hasn't "participated" in a rather indiscriminate decline. Morgan Stanley must be involved somehow!!! Wish I had the guts to short it. dh