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To: KM who wrote (15798)2/18/1999 4:12:00 PM
From: Boplicity  Respond to of 93625
 
Sure does seem like it way the market is reacting, we could be dumb little players here, time will tell, 50s looks like a given. I took look at the chart this AM a saw a glimmer of a turn around, so goes the use of charts. Maybe today was the last gasp, or we here on this thread are out of the loop.

Greg



To: KM who wrote (15798)2/18/1999 4:31:00 PM
From: Zeev Hed  Respond to of 93625
 
Truflette, yes it got to $61, and since I was not in my office most of the day, I put in a GTC at $61 (truthfull to my own forecast, and that is going to hurt me <G>). The truth is that I did not expect this collapse so soon, my target was this price range during the "Spring Relapse" I was discussing in the last two weeks. Since I still expect such a relapse after a knee jerk rally here, I'll have to play this position carefully as a trade rather then a long term commitment. We broke the 200 MDA (and that is not very nice), so right now, I have to maintain my "cautious" position.

I do not have a new target, but I still have $122 by the end of the year, so that should cheer you up, if you have any faith in those "targets".

Zeev