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sylvester80

02/13/04 9:00 AM

#20365 RE: Rich1 #20364

I'm bearish on the market not certain individual stock positions which I don't even play. Unfortunately I did not know you still have the common. In fact I thought you had discussed before that you knew that $33-36 was the big resistance for the stock and that you had taken the profits there and just playing options now with your last message being a straddle. That was my thinking of your position when I posted the news.

In any case, accept my apologies as my aim was just to help your straddle position I thought you had as the only position.
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jrintl

02/13/04 9:08 AM

#20366 RE: Rich1 #20364

The general cycles thought is that we are still going down into the 19th or so?

I'm thinking (possibility) that we could do a 'c' to the 'a' (down) 'b' (up- just completed?) and now a 'c' (down) into the 19th.

(If that's correct) Afterthe 19th, would mean higher prices...a 5th of some sort (leading to 2004 top) for many indices/stocks

I'm surprised that very few threads (if any) have noted that we are in FEBRUARY...and that is historically not a good time to be long (similar to trying to short in December-but inverse of course).

This'll wind up being a pretty stupid (wrong) post if we blow up/thru 1520-1525 in next few days...