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To: Earlie who wrote (26120)12/28/1997 12:31:00 PM
From: Thomas G. Busillo  Read Replies (2) | Respond to of 53903
 
Earlie, I must make a correction. Tom "the best there is" Kurlak is not just "smart"...

...he's "incredibly smart".

And after 20 years as an analyst, need I even add that "he's been there" <g>

The opens on 12/24 looked like:

shorts: TXN 44 3/4, MU 25 11/16, NVLS 31 3/4
longs: LU 77 7/16, CA 49 5/8

CA took a real beating towards the end of the day Friday.

Since we're supposed to defend our picks in the vein of Street analysts, the make-believe analyst in me would opine as follows: "merely profit-taking".

The trader is thinking - "hmmm...down 3 on Tuesday, followed by two days of weakness towards the end of the session...what if it's not just profit-taking on thin volume?"

What can I say, buy and hold for a month just isn't my knitting right now <g>

Good trading,

Tom