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Re: jra2 post# 310655

Saturday, 10/16/2004 8:51:54 PM

Saturday, October 16, 2004 8:51:54 PM

Post# of 704044
JCOM

Yes, I have an overall profitable position and I'm not intending to let it become an unprofitable position.

My WAG: trying to think like a criminal, I would expect Monday early on they will take it down to 29.65ish or even 29.25ish to hit all the stops they can and shake out whomever they can, while scaring the bejeebers out of the rest of us, then a reversal and mild walk up into the close, a good report, and then . . . well, we'll just have to wait and see what comes next!

If price rises above $34ish (previous high) prior to close, I'll sell half if not more of my shares, but I don't expect that to happen. If price falls below 29 (a fair amount below the previous low) I will sell all, but I'm not expecting that, either. In any event, I doubt I will hold the entire position into earnings, but I'll have to see how Monday goes before I decide exactly when and where to take some profit off the table.

I am admittedly biased towards expecting a good report, but have no fundamental reason for that other than the recent action on the chart. How the market would react to a good report is pure guesswork but the action Monday should give some clues. If, OTOH, the report is bad, the action will probably take me out prior to close. Someone always knows.

Sorry I couldn't be more helpful, but thanks for asking.

Newly

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