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To: drsvelte who wrote (1836)8/15/1998 11:43:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
Doc, typically once I exit a position I let it go without returning to it for a while because my objective was achieved (to get out). However, I exited the evil tower twice, once at 42 and the other in the 37's but reshroted it the third time at 34 7/8 after it managed to break below $33.5 based on the thinking that those longs that used to support it decided not to do so anymore. In hindsight, it was true and even at Friday's close of 28 and change I think this rationale still holds. However, I am not hyping this to be a big time short (I did that for NKE after it broke below $43) but I still think it has more downside room because the mo-mo is clearly on the way down and it does not have any strong support until it gets to about $15-16.

I will look at EEX more closely and it will be on my radar screen.

BTW, do you know what's the consensus market thinking about what the direction of the market on Monday and Tuesday will be if

1) BC confesses but Starr still cannot get him because he did not ask Monica to cover up anything, including the stain.

2) BC does not confess and just outrightly deny, deny, deny.