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To: marc chatman who wrote (27507)	8/11/1998 11:01:00 AM
From: Intel Trader	Respond to of 95453

close <eom >

To: marc chatman who wrote (27507)	8/11/1998 11:01:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

marc; CDG/FLC... I'm not sure I understand your question. IMHO; what is happening clearly is that the MONEY wants to buy CDG and short FLC - no surprise there. However CDG opened to where there was no reward for the risk... the spread is floating up & down to the 1.7 : 1 ratio... The play here is to buy FLC @ where one thinks the bottom or longterm value is... I targeted $13/7/8 - the prior low, but it got there quick & will go lower; this will present one of those ''1 day over reaction'' buying opps - you're on your own where you think its prudent to buy FLC... CDG offers no real opportunity today unless; one has some brass cojones; and buys CDG at today's bottom and then re-sells in the next day or two when FLC rebounds off this DOW selloff/bad timing scenario and CDG goes up proportionately with the 1.7: 1 ratio as FLC rises... may be a good plan to buy CDG today @ bottom & to sell on friday as many shorts will cover on weekend with the bombing-terrorist scenario not played out / can you imagine weekend news linking the attacks to Iraq ?....crude would pop and the shorts do not want to be caught over the weekend on news like this.. The real gutsy play is to buy both at the sell off bottom today and resell off the bounce - thrs or friday... What's the gutcheck quotient out there today ? Anyone up to buying both today; playing for a pop off of this low volume - double bottom & simultaneous Dow/Asia selloff ? It will be profitable; primarily because so very, very few will have the guts to do it ! I am.... & time will tell. FLC is presenting a fabulous opportunity here people ! C'Mon DOW 7500 - this will be the big catalyst for sector rotation and short covering !