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To: Thean who wrote (390)5/21/1998 10:21:00 PM
From: Lucretius  Read Replies (1) | Respond to of 14427
 
Unfortunately, I think this may prevent a total wipeout in the coming weeks on the downside. Looks like a slow slide is in order (Damn!):

"Just before the closing bell, the New York Exchange reported short interest in the month ending May 15 rose 57.6 million shares to a new record of 3.93 billion shares in short position.
On the American Exchange, short interest rose 12.2 million shares, but that was at a record 191.1 million shares. And then the Federal Reserve reported in the week ending May 11, the M-2 money supply fell $6.5 billion."



To: Thean who wrote (390)5/21/1998 10:33:00 PM
From: SJS  Read Replies (2) | Respond to of 14427
 
Pretty good. However I typically don't buy the stock above the call price if I plan to sell the calls.

I will continue to watch this one. Hope it comes in for ya....

PS: You know, I am really astounded at the drop of MDCO. I think it's 8 straight down days, severely violating the lower BB. There has got to be some news here, as it's down 30% over just the last week alone. That's crushing. I'd like to think there's not much more downside though, and think it could be a real play now. It's almost back to where it was in Jan/Feb.

Regards,