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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: LzzrdKing who wrote (2521)	11/1/1997 4:06:00 PM
From: Robet Butkus	Read Replies (1) \| Respond to of 7396

As you know I sold RFMI on its second bounce to 14. Bought at 16 1/2...goes to 12, and I figure 14 is almost a 50% retrace from where I entered. There was a very late trade at 12 1/2....hope the bloody thing opens at 10 so I an make some of my ching back. This is another classic example of never believing what the people at ANY publicly traded company have to say. The tape is a better story teller in my opinion. Devining bottoms is always risky, but so far this year we have done well, so a loser now and then is expected. IDTI should gap along with a few others on the Eric Savitz article in Barrons. Sadam's moronic mind set will continue to help the oil patch.