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To: Glenn D. Rudolph who wrote (11471)12/3/1997 8:03:00 PM
From: craig crawford  Read Replies (2) | Respond to of 45548
 
<<It is clear that the problems that were made know were priced
into the stock. >>

As Cramer would say... Wrong!

<< Crawford's only chance of doing well with his short was likely today. >>

Wrong again, Glenn. I still have all my shorts (sold the puts).

Looking to short more!



To: Glenn D. Rudolph who wrote (11471)12/4/1997 3:13:00 AM
From: Dwight E. Karlsen  Read Replies (2) | Respond to of 45548
 
Glenn, re The initial fall was caused by the "weak hands" bailing out.

This was in answer to Martin's comment:
why do you think this thing did the freefall from 55..?

Glenn, anyone who sold at $55 is looking like a genius in my books, while anyone who opened long positions in that range is looking literally like a poor market timer. In all fairness, I think you are wrong to berate those who sold at the optimum time as "weak hands". In hindsight, I bet you that every single person on this board would have either sold long positions and/or went short at $55, knowing where the price would be going from there. So the "weak hands" label just doesn't jive.

DK