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To: John Graybill who wrote (32611)4/29/1998 1:58:00 AM
From: John Graybill  Read Replies (1) | Respond to of 53903
 
We have a nice pennant formation that's about to bust a vein, IMO -- the line connecting the highs and the line connecting the lows from the past two weeks or so look like they're about to meet, and the low volume of the past two days suggests that to me as well. People are waiting for the Big Move. Note that it invariably happens before the day when the lines would actually meet.

But since we know that the high from last week was entirely due to the $BMX scam, I'd say (and not just as a holder of puts) that the big buying by choice ($BMX) and the big buying by force (short-covering) is done.