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

To: LzzrdKing who wrote (2738)	11/12/1997 11:00:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 7396

Lzzrd, will stay a bit longer on AMAT....Trying to drain 4 points out of it... Present positions: SHORT AMAT SHORT MRVC SHORT DISH SHORT AGPH(this puppy is A ranked, and may bail tomorrow if it doesn't join the crowd, had projected a test of 35.00) LONG GATE LONG COBR Rest in cash.......... NotH20 warning about a short covering rally on fast falling growth stocks is well said....In my opinion the stocks most prone to do this tomorrow are: MANU VECO I like both of these as shorts, but the downside IMHO is limited to another 4 points on MANU and 5 on VECO...However, they are too risky for me to try and challenge the big boys....A more conservative short would be JNJ from 56.50 to cover at 47.00.... I have three short plays that I plan on entering tomorrow, bear market permitting.....Will enter them shortly after open.... BTW, GATE is again in my target buy range of 2.00-2.10....However, I project a test of 1.90 tomorrow, and a reversal...If any of you believe in this company, a buying opportunity long should present itself....We'll see if the bear panic causes the GATE to remain shut...... Regards, Mark