Richard Ney and the Wall Street Gang Message Board

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To: BenYeung who wrote (247)	5/4/1998 8:48:00 PM
From: m-top	Read Replies (1) of 492

Ben, I'm still with my short position and will remain short until stopped out. I do believe the last week has been more a squeeze than genuine buying. I suspect many people bought puts on last mondays WSJ plant on interest rates and are now in the process of having their "buttcheeks" squeezed. I know mine are a little closer together than usual. With moves like we saw in KTEL and ENMD today, a top can't be that far off. I'm still confidant we'll be in the crapper in the near future but as always will honor my stop points. The possibility of one of the major bank deals (ie: Citicorp/Travelers) falling apart or a negative judgement against MSFT in addition to my indicators make the case too compelling not to be short.