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To: jinx who wrote (6643)	8/12/1998 12:30:00 AM
From: g_m10	Respond to of 8545

I've seen a number of times after a bad earnings announcement that the price at the open is the highest all day. I don't know what the percentage of time that is, but... Today stock closed 23 3/4 after hitting the bottom at 22. Up 13/16. It looked like the price hit the bottom and it's time to buy. There are always poor suckers that like to put a buy order before the market open, better yet before going to bed. Tomorrow Market Makers will feed them all from their own accounts before any other sell orders will be executed. This is how a bad day sometimes starts with a good price.