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Post# of 25232
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jenna

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jenna

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Re: jenna post# 10771

Thursday, 01/16/2003 11:53:23 AM

Thursday, January 16, 2003 11:53:23 AM

Post# of 25232
IBM.. bullish hammer on 5 minute chart and LONG LOWER SPIKE. after a breakdown of any attempt to rally (even one bar) seeing continued downside in IBM, a HEAVY PLAYER on the short side since yesterday's pick up of even more puts.

REMINDER: you will no doubt have a run up by 3:00 to 3:30 (into the close and this would be a good time for those with minimal put position to add to the position at the top of that run up)

HOLDING ANY STOCK THROUGH an earnings report is dangerous but if you keep to a MANEUVREABLE position (not more than 20 to 25 puts) you will be able to get out in case a gap down fills.

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