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Strategies & Market Trends : gary smith shorts and longs -- Ignore unavailable to you. Want to Upgrade?

To: Nevada who wrote (337)	2/4/1999 10:57:00 AM
From: backman	Read Replies (1) \| Respond to of 430

Nevada: i'll take a shot, but remember, i'm not speaking for him, just interpreting based upon what i read. 1) gary is a position player, with specific targets. He got his 5% profit target on the short, and left..that's why he covered 2) IBM at 140?? look at chart back around october breakout from the summer from hell...could go back to the support level..personally, based upon nov/dec prices, i'd expect support at 165...so, if you were a buy and hold type with a 10% stop loss, it would have to go to $155 to violate your stop...probably now's a relatively safe time to buy for a core holding hope this helps david