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Non-Tech : C (Citigroup) -- Ignore unavailable to you. Want to Upgrade?


To: Benchman who wrote (34)2/25/1999 6:39:00 PM
From: Benchman  Read Replies (1) | Respond to of 259
 
Well at 5pm (one hour after the market closed) the closing price was 57 3/4 like I said. However, there was a 200 share trade at 5:17pm for 56 5/8. Go figure. The bid and ask are still 57 1/2 x 57 7/8. I still don't like it. A move to 60, will now be a 3 3/8 move, instead of a 2 1/4 move. So I doubt it will happen. Regular investors may be hesitant to buy when they see that big a rise. At least that's my opinion, hope I'm wrong.

Rob.



To: Benchman who wrote (34)2/25/1999 7:49:00 PM
From: JEB  Respond to of 259
 
The options tell the story of the whole market. It's still too nervous yet but we will see a pop tomorrow morning (According to the chart of C and SPY index).

After the initial pop (Around 10:00-10:30)we should see another drop. After that, and the market truly bases, we should see another late day rally but this time it should be with some real strength.

Remember, at the end of the week a lot of shorts like to cover before the weekend. I say we close up over 60 tomorrow.

Wildcard is always news and can nullify any chart indicator.

We shall see!

Good trading,
JEB