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To: purecntry5 who wrote (11826)7/7/1998 10:22:00 AM
From: trenzich  Respond to of 27307
 
Out on the gap up and placed the short. It's the beginning of the end

tz



To: purecntry5 who wrote (11826)7/7/1998 10:23:00 AM
From: Tech Master  Read Replies (1) | Respond to of 27307
 
time to go short or buy puts.... the bubble is bursting...

You heard it here first.

Next stop.... 175 within a week.

Tech Master



To: purecntry5 who wrote (11826)7/7/1998 10:58:00 AM
From: Oeconomicus  Read Replies (2) | Respond to of 27307
 
Cowboy, I don't know, but 4% down doesn't look like much of a breakdown to me. Looks more like profit taking ahead of "earnings". So many here ready to call this "the beginning of the end" should tell you something. Of course, a negative surprise on earnings or revenues could make them correct, but unless someone has some inside info it's just speculation by bears and nervous (prudent?) profit taking by bulls.

That said, I wouldn't want you to stay short just because you think I'm bullish or still frozen in the headlights. I didn't get my price on puts yesterday and was looking to get them cheaper this AM, but even with the gap up, they traded up from yesterday. Not too worried about missing out though. The odds seem to favor further whipsaws until the news is out - good or bad. Maybe I'll roll the dice later... or maybe not.

Bob

PS: Craig, can I just let you manage my speculative money? What do you charge?