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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (6861)	2/22/1999 9:14:00 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

Lee, I, too, wanted to get AOL & EMC. Was surprised last week when AOL didn't move too much (until FridaY <G>) due to the split. Now, I'm waiting (again) for it to go down after the split. Hoping that it does what many post-split stocks do and reverses a little. P&F says no changes yet (I think. We are waiting for Tom to post some #'s). exchange2000.com I just wish GS would say something tomorrow to make this sucker go down, so we wouldn't have to wait any more (sorry, all you longs <G>).

To: Lee Lichterman III who wrote (6861)	2/22/1999 9:16:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 99985

Lee, Ron Isana of CNBC reported a rumor that the largest hedge fund was caught with S&P puts today and was covering. I tried to look for validation of that rumor and found all the indexes, SPX, OEX, DJI and NASD were all up a little over 2% today. We have not had these indices moving in sync for quite some time. Do you think it is a coincidence or is the rumor true? Ramsey

To: Lee Lichterman III who wrote (6861)	2/22/1999 11:01:00 PM
From: dennis michael patterson	Read Replies (4) \| Respond to of 99985

Well Lee, my problem is that no one saw this coming. Except Sew-- he said there would be a rebound. My cycle guy saw it too, but not this magnitude. I think this thread has a bearish bias, which gets in the way. If TA cannot predict, then it is no better than psychoanalysis! That said, if today was Soros covering, then this won't last. AOL-- it'll come down again. EMC too. EMC is a great company and a great stock. Frankly, I don't think waiting is going to save you all that much.