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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Tiley who wrote (19006)12/22/1998 10:49:00 AM
From: Clint E.  Respond to of 70432
 
Hi Manish. Think of it this way. What is the downside if earnings is so-so. 40-42? I would say. What is the upside if earnings is good? 52 in the next few weeks into Jan? I would think so.

Looks to me that the short-term price swing is +/- 10% from here at 47. If you have profit, why not take 1/2 profit at least? Taxes shouldn't be an issue for a trader.

Clint