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To: B Tate who wrote (1711)11/10/1998 4:48:00 AM
From: Dale BakerRespond to of 118717
 
I'm glad SEEK worked out for you. I never thought it would run this far, but my AOL shares give me a stake in the Internut madness. DELL has also started its pre-earnings runup. Those two softened the blow a bit from HS, RLT, AES and NRAG pulling back yesterday. I may stop out of AES and RLT today if the pullback continues. Lock in the profits and live to trade another day.

Not to mention my TERA short. I don't know what is driving this stock but it is being bought in small lots very steadily. I went long a big chunk to hold overnight. I may sell at the open if the futures are down, or hold for more if they are up. I won't be in the office at the open so I have to decide about 45 minutes before.

AND - my guess is one more solid down day and the momentum should break. My target for the Feb 5 puts is still 1 1/2.



To: B Tate who wrote (1711)11/10/1998 5:10:00 AM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
I'm not as confident about ONSL's chart. But look at INKT and EBAY - both have floats under 3 million and more than half of INKT's float is short. That's pure rocket fuel on a day like yesterday. I'm putting INKT on my top watch list in case the Internuts run again.

Value? What's that?