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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (19357)4/29/1999 10:09:00 PM
From: Lane  Read Replies (1) | Respond to of 34811
 
Judy....
re: I'll be placing a limit order to short cmgi puts once the gdp is out tomorrow.
looking to do this as well, prolly next early week. If the numbers behave themselves, then maybe tomorrow... although I keep hearing the cycles guys in the back of my head saying "May 3rd.....May 4th.....", so am a little cautious. The CMGI may 270p looking very enticing for a short.
What do you have in mind?
Thanks,
Lane



To: Judy who wrote (19357)4/30/1999 12:02:00 AM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
Still holding CMGI. Still above buy price :-)

CMGI actually broke bottoms today so the next stop isn;t that close. However, if it opens where it is without printing 130, it will reverse up. This will create a stop at 130.



To: Judy who wrote (19357)4/30/1999 11:19:00 AM
From: Tammy DeRosier  Read Replies (2) | Respond to of 34811
 
With CMGI, looking at the 5 pointer per box chart, it has given that sell signal so I would old off new positions right now and wait for either the stock to pullback toward the middle of the trading band at 200 or build a base in this area and give a buy signal.