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To: H James Morris who wrote (27832)11/23/1998 3:21:00 PM
From: IceShark  Read Replies (2) | Respond to of 164687
 
HJ, what I meant by "reluctant" sellers was longs that have a huge capital gain and can afford to let it ride and see what happens. Heck, a 50 point down gap would be water off a duck's back to them. If I were long, I'd just keep ratcheting up sell stops 20 points below. And the funds that are trying to ease out gracefully, without wacking the price. With the buy momentum and volume, that shouldn't be too tough.

I have no clue what is going on with shorts and how many are still getting beaten to a pulp. Seems like a heck of alot of them are sitting boxed, unlike a normal short situation, and that this is adding to the price irrationality.

Regards, Ice



To: H James Morris who wrote (27832)11/24/1998 8:04:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164687
 
I'll get even. My way.
Trust me on that.
Ps Glen if you have the cash, do the same. If you can be like Sherlock Holmes before you
open up the box. You can't lose.
Worst case, your money's tied up, but please remember volatility is, volatility. Up or
down.
William made it up. Down will come, sooner or later.


James,

I added to my short today and boxed at close as always. My equity situation is improving as inventory begins to decrease in my retail business and cash comes in. I will be well prepared with enough short shares when the bottom falls out. You can trust me on that too <VBG>

Glenn