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To: epicure who wrote (1127)3/20/1998 3:23:00 PM
From: Bill Ulrich  Respond to of 1614
 
Under most circumstances, I don't have moral or ethical qualms with shorting. The company in question, however, is a client of mine, so out of respect and appreciation, I only play the positive end or don't play at all. Still waiting for my Certificate of Merit from the Karma Kops.

For a 6-12 month term, it's a good buy, hands down. Short-term, I'm vacillating&#151the ~25 support is stronger than I expected; contrary to my opinion last week, 27ish is a reasonable value to me today. Next 60 days will not at all be market-friendly, though. First, we're still top-heavy, and earnings-light (overall market). Second, I get nervous when Elaine Gazzoinksenoughalready is bullish (overall market). Therefore, ~25 has 50% chance of breaking, imo, but only a short break. Funny that they didn't get hammered with their warning as hard as many others. Could've been much, much worse by IOM standards.

Not a unique call really. But given up, down, and sideways as choices, there isn't a variety of opinion to choose from. Not compared to the OpinionAntipasto&#153 served in the Coffee Shop, that is.

-MrB
not always right, but always outspoken