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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: Peter van Steennis who wrote (4005)	11/24/1997 12:55:00 PM
From: Doug R	Read Replies (3) \| Respond to of 4701

Peter, Since most of the POW's were picked at a time after there had been price improvement for most of the year, there are probably few holders at a loss on them. Only those who chased them after they had run to short-term tops would be selling for tax reasons. CADE may have the most tax-loss selling exposure. I'd look for a short-term buying opportunity if that were to occur. CADE looks to have solid support at 2 1/4 and I would consider trading it from there. Doug R