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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (2041)	3/26/1998 3:36:00 PM
From: Judy	Read Replies (1) \| Respond to of 34811

Hi, Jan A few weeks ago we talked about HWP and ADBE and the P&F view. I took long positisions in no-man's land between their bear/bull channel, waiting for the blocks to join me. The blocks jumped on HWP earlier and jumped on ADBE today, so I've taken profits on both. More due to profit-taking rules than technical or fundamental reasons. How about a read of RMBS? This is a speculative investment, not a trade. btw, the internals of this market are strong and the market can stay in an overbought condition for quite a while.

To: Ms. X who wrote (2041)	3/26/1998 9:22:00 PM
From: Jack Chen	Read Replies (1) \| Respond to of 34811

Hello people: Check out PHB and AET. I said more than likely both will rebound. Heard PHB will split 3:1 in April. AET came down to 80's, usually these things bounce after visiting 80's.

To: Ms. X who wrote (2041)	3/27/1998 2:30:00 AM
From: Bull4Now	Read Replies (1) \| Respond to of 34811

Okay, another great idea I just concocted. This would be a method to short a stock with little risk (don't get me wrong I'm still bullish on the market - DJIA 10,000 here we come !). You target a stock which you think is primed for a drop (like a volatile high flyer). Let's say the stock is trading at $50 today. You can pick up call options on the stock which expire in April 1998 for $2 and so you pick up, say, 5 contracts. This costs you $1,000. You then proceed to short 500 shares of said stock knowing that if it goes up you can exercise the options to buy the stock at $50 and cover your short. If the stock goes down (preferrably at least 2 points), you buy the shares back and either hold on to the options and hope they increase or sell the options. WhatDaYaTink ? Dumb idea, or what ? Please uncover any flawed logic in this. SF NC YO YB M