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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (552)	3/18/1999 3:38:00 PM
From: Lost1	Read Replies (1) \| Respond to of 63513

Jorj--Is a stop of 15 1/2 in order here or should you give it some room? It seems difficult to call 1 reversal to the upside support..we could be bounced out easily. lost1

To: Jorj X Mckie who wrote (552)	3/18/1999 7:14:00 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 63513

I've followed both these stocks since COOL went public. As a matter of fact, the guy that sits next to me made the best trade of his life on WCAP the day COOL went public. My guess is that there is a huge short interest on WCAP right now. Looks to me like almost everybody is short below 20 bucks. If I had played the stock short when it started to back off, I would still be short too, but if that bad boy breaks through 19, I would be getting out fast. That's what I think will happen. I'd be looking for a nasty short squeeze on this stock, which will give the day traders that want to go long just the excuse they want to rally the stock. If the stock can hold around 21 and not back off below 19, and then move through a new daily high at that point, and I were long, I'd look for a fast move up from that point and jump out when it happens.