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To: Robert Sievers who wrote (10959)6/2/1998 10:54:00 AM
From: craig crawford  Respond to of 27307
 
Yes, my apologies to Mr. Collings for suggesting that he should have covered yesterday. At least I was right about DELL today. (which I just sold).

I have decided to short some SPLN, as opposed to shorting something like YHOO.



To: Robert Sievers who wrote (10959)6/2/1998 12:22:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 27307
 
RS, having been whipsawed too many times by YHOO, I wouldn't be surprised to see the bounce you predict. Sold half my July 100 puts this morning for that very reason. Had a double, so I have my cash back out and anything I get for the other half is profit. I think today's low pretty much fills the April gap, so it seemed like as good a place for a bounce as any.

Assuming it ever does go lower, where do you see further support? I'm guessing the April low around $92, then low 80s before getting to the 200 day M/A. Thoughts?

Bob