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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (8208)	2/10/1999 9:59:00 AM
From: Jay Lyons	Read Replies (1) \| Respond to of 43080

>Longn LCOS @81 (eom)< I'm straight with yesterday, Scott, so don't feel like you need to lose anything on my behalf. <G> Jay

To: LastShadow who wrote (8208)	2/10/1999 10:06:00 AM
From: John J H Kim	Read Replies (1) \| Respond to of 43080

Last, incase you forgot your own words... <<USAI, in a correction, could go as low as 25 which is the last resistance level. That means LCOS could go to $56. Having dropped from an open of 139 yesterday, a gap down to 113 today, and then hitting a rubber floor at 86 to close at 94 is a 32% drop in two days. A second sustained correction like that wouldput it at 62. LCOS climbed 40% on its last gap up, and had an intraday trading range between 144 and 89 the following day. If we accept that the market went wild driving it up, we must be prepared for a similar correction.>>