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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (5146)	5/18/1999 7:20:00 PM
From: Kimberly Lee	Read Replies (3) \| Respond to of 108040

hi, Gladman. Sorry for the delay. I was going to reply last evening but got distracted. Just now I sift through many posts and emails in my InBox until I find your post again. All of the indicators you mentioned were valid, but the two factors that convince me about the 9 1/8 entry point yesterday were the large support area between 8 15/16 to 9 1/8 -- it was basing there for a few days already and all the selling pressure appeared dissipated. The second factor was when I watched the level2 screen for a few minutes and saw static support in the 9 area from the bid side -- even small volume taking the offer would have reverse the down trend. Lots of tricky mm games in this one, though, and that's why I took quite a bit of profit around 9 7/8. As well, I was watching AGRS and several other volatile stocks and didn't want to sidetrack myself too much on BIDN. I even played HITT on the long side today and manage to do quite well -- it's a classic case of selling the rumors and buying the news today on that one.