FINANCIAL CYCLES WEEKLY UPDATE #0352 – December 28, 2003 – January 3, 2004 with TIM BOST

COMMENT: Traders stayed away from the markets in droves last week as the holiday spirit began to wrap up a positive year on a positive note. The trading volume was extremely light and much of the trading itself seemed fairly directionless. Nothing short of a crash or a catastrophe would have moved the market’s attention.
Not that events didn’t comply with that expectation, especially in the catastrophe department. The week saw heavy attacks from Iraqi resistance fighters with more American casualties, dozens more dead and scores more wounded. 14 people died in California mudslides, with additional deaths and extensive property damage in a California earthquake. A toxic explosion in China killed hundreds and forced more than 41,000 people from their homes. 140 people were killed in a plane crash in Benin. Chinese medical authorities identified a new case of SARS and the U.S. discovered that beef from the first American cow to be infected with mad cow disease had been distributed to 8 states and Guam. And more than 25,000 people were killed in an earthquake that destroyed much of the ancient city of Bam, Iran.
But the stock market essentially ignored it all. The news about mad cow disease had an impact, of course, with fast food and grocery stocks getting hit and cattle futures off in a limit move down. The damage and deaths weren’t particularly welcome news for insurers, either. But even ominous warnings about the heightened probability of terrorist attacks, along with the cancellation of flights from Paris to Los Angeles, didn’t do much to move traders into action. Many players were biding their time, keeping their money on the sidelines and waiting for the holiday daze to clear before getting back into the game.

THE WEEK AHEAD

There may be a little extra churning in the markets early this week with some last-minute shuffling of portfolio positions prior to the end of the year, but our expectation is that trading volume will remain light because of the New Year’s holiday. While stock trading will cease in the U.S. just on New Year’s Day, many markets around the world will also close on New Year’s Eve. This will help dry up trading volume even more.
In spite of the holiday atmosphere, however, there will be some noteworthy economic reports coming out, including the December Consumer Confidence report from the Conference Board, November Existing Home Sales, the December report from the Chicago Purchasing Managers, and the December ISM Index. The Consumer Confidence figure, which is expected to decline slightly this month, is one that the markets will be following closely on Tuesday. If it in fact declines, or drops more sharply than expected, it will be taken as a sign that the Federal Reserve will continue to keep interest rates down as we move into the New Year. That means we will likely see the dollar decline versus the euro for the eighth straight week in a row.
It is definitely from the astrological perspective that the week ahead looks most exciting! We start the week with a fairly amazing array of heliocentric aspects, but that just sets the stage for the real action coming up as the week progresses. On December 30 we have Mercury in opposition to Kronos, Mars in opposition to Zeus, Venus conjunct Neptune, and no fewer than four planets changing signs—Uranus moving into Pisces, Mercury retrograding into Sagittarius, Venus entering Aries heliocentrically, and Mercury entering Leo heliocentrically! This kind of combination typically means a shift in market direction, but with end-of-the year activities and a holiday week as the backdrop, its impact may be diluted somewhat. In any case, it’s definitely not a time for traders to be caught napping—check your stops and be very clear about why you’re making every market move!
It’s worth noting here that three of the planetary configurations coming up this week—the Venus/Neptune conjunction, the Sun/Saturn opposition, and the Jupiter retrograde station—have all been associated with short-term upward moves in the NASDAQ in the past, with an upward trend in evidence in about 64% of the historical cases. While that suggests that the positive trend is likely to hold as we move into the New Year, it should also make it clear that there’s plenty of need for caution in our trading.
By the way, as the week ends, trading in stocks in the U.S. will resume on Friday following a one-day holiday break. While normal trading hours will be in effect that day, with the stock markets closing at 4:00 p.m. New York time, remember that a void-of-course Moon gets underway about an hour and a half before the closing bell. This is not the time to be putting on new trades. The action on the trading floor in the first day of the New Year should definitely be taken with a grain of salt!
Happy New Year to you—have a great week!


GLOBAL EQUITIES MARKETS LAST WEEK

Pacific Rim stocks had a good week, posting some of the biggest gains in what was generally a positive trading week around the world. In the U.S. blue chip issues stayed in positive territory but showed signs of weakening, while the broader market indices added more substantial ground.

Dow Jones Industrial Average – up 2.35%
Dow Jones Transportation Average – up 0.13%
Dow Jones Utilities Average – up 2.80%
S& P 500 – up 1.35%
NASDAQ Composite Index – up 0.10%
Russell 2000 – down 0.13%
London FTSE-100 – up 1.49%
Paris CAC-40 – up 0.91%
Frankfurt DAX – up 0.99%
Sydney All Ordinaries – up 0.69%
Tokyo Nikkei – up 1.13%
Hong Kong Hang Seng Index – down 1.77%
Singapore Straits Times Index – down 0.70%


FINANCIAL CYCLES MODEL PORTFOLIO


POSITION CLOSED DURING THE PREVIOUS WEEK: XICO.

We closed one portfolio position during the previous week, with one winner producing a net profit of $140.00.

On December 24 we bought to cover 1,000 shares of Xicor Inc. (XICO) at 11.11, taking a profit of $140.00 (a 1.24% gain in 11 trading days).

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POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS WEEK: AA, GM, UTX.

We bought 300 shares of Alcoa Inc. (AA) at 37.10 on 12/26/03, setting our initial stop at 33.53.

We bought 200 shares of General Motors (GM) at 52.25 on 12/22/03, setting our initial stop at 47.87.

We bought 100 shares of United Technologies (UTX) at 94.25 on 12/22/03, setting our initial stop at 89.80.

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YEAR-IN-REVIEW MODEL PORTFOLIO ACTIVITY

Since the beginning of 2003 we have had a total of 172 completed trades, with 97 winners and 75 losers bringing us a total net profit of $50,060.00. The largest profit for a single trade has been $9,240.00; the largest single-trade loss has been $1,170.00; the average profit per trade has been $291.05. The mean duration of our trades has been 10.2 trading days.

During 2002 we had a total of 195 completed trades, with 119 winners, 74 losers, and 2 break-even trades bringing us a total net profit of $50,956.00. The largest profit for a single trade was $5,100.00; the largest single-trade loss was $1,055.00; the average profit per trade was $261.31. The mean duration of our trades was 12.7 trading days.

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CURRENT POSITIONS IN THE MODEL PORTFOLIO

Alcoa Inc. (AA) – bought 300 shares at 37.10 on 12/26/03; currently 37.49. Raise stop to 35.85.

Cincinnati Financial (CINF) – sold short 300 shares at 41.65 on 12/19/03; currently 41.30. Lower buy stop to 41.60.

General Motors (GM) – bought 200 shares at 52.25 on 12/22/03; currently 52.97. Raise stop to 48.75.

Packeteer Inc. (PKTR) – sold short 500 shares at 21.50 on 12/01/03; currently 17.20. Lower buy stop to 17.56.

United Technologies (UTX) – bought 100 shares at 94.25 on 12/22/03; currently 94.66. Raise stop to 91.50.

Yellow Roadway Corporation (YELL) – acquired 350 shares at a cost basis of 32.65 on 12/15/03 through the merger of Roadway and Yellow Freight; currently 35.74. Raise stop to 34.55 on a closing basis.


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ECLIPSE PORTFOLIO

Our Eclipse Portfolio is an experiment in longer-term positions in the stock market, as opposed to the more active trading positions in the Financial Cycles Model Portfolio, which we are currently holding for an average of 10.2 trading days. Although a long-term, “buy and hold” strategy leaves us very concerned about capital preservation and portfolio safety given current market conditions, we are always seeking profitable investment strategies requiring less time and energy than an active approach to trading.
The stocks in the Eclipse Portfolio all have First-Trade horoscopes featuring a Sun that was directly impacted by the November 23, 2003 solar eclipse. The portfolio includes only long positions, with stop-loss points set liberally to allow for broader price fluctuations while protecting the capital in the portfolio. When positions in the Eclipse Portfolio become sufficiently profitable we raise our stops to lock in profits accordingly, but our intention is to let our winners run as long as possible.
All the stocks in the Eclipse Portfolio were purchased on November 24, 2003, with a total initial investment of $21,345.00. On December 9, 2003, we closed two losing positions that hit our stops—Network Appliance, Inc. (NTAP – bought at 22.25; sold at 19.65) and Silicon Storage Technology, Inc. (SSTI – bought at 13.00; sold at 11.87); on December 16, 2003, we closed a third position in J. B. Hunt Transportation Services, Inc. (JBHT – bought at 25.25; sold at 25.75). In closing these positions, we took a net loss of $759.00 on the trades and added $12,641.00 cash to the portfolio.
Only two of our original five positions are thus currently still active in the portfolio. The current equity in the Eclipse Portfolio is $21,342.00, for a loss of 0.01% since the portfolio’s inception. Here are our current positions:

Medtronic, Inc. (MDT) – bought 100 shares at 44.25 on 11/24/03; currently 48.01. Stop set at 45.00.

Teledyne Technologies, Inc. (TDY) – bought 200 shares at 17.60 on 11/24/03; currently 19.50. Raise stop to 17.50.

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STRONGEST MARKET SECTORS LAST WEEK

Diversified Communications Services; Computer Based Systems, Consumer Services; Music & Video Stores; Silver.

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WEAKEST MARKET SECTORS LAST WEEK

Meat Products; Printed Circuit Boards; Healthcare Information Services; Recreational Goods; Electronics Stores.

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KEY ASTROLOGICAL EVENTS THIS WEEK

December 28
Venus trine Zeus 00:49 EST
Heliocentric Mercury quincunx Heliocentric Neptune 02:21 EST
Mercury in 24th harmonic to Chiron 02:29 EST
Heliocentric Mars trine Heliocentric Chiron 08:53 EST
Sun sextile Poseidon 10:10 EST
Sun sesquiquadrate Admetos 11:09 EST
Venus sextile Cupido 13:55 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Kronos 14:33 EST
Void-of-Course Moon begins 19:03 EST
Mercury sextile Uranus in right ascension 20:00 EST
Heliocentric Mercury sesquiquadrate Heliocentric Uranus 20:10 EST
Heliocentric Earth semisquare Heliocentric Admetos 23:49 EST

December 29
Void-of-Course Moon ends 01:08 EST
Sun semisextile Cupido in right ascension 01:37 EST
Venus quincunx Saturn 03:38 EST
Heliocentric Mercury opposition Heliocentric Chiron 03:41 EST
Sun square Zeus in right ascension 04:54 EST
Mercury sesquiquadrate True Lunar Node in right ascension 05:00 EST
Heliocentric Mercury sextile Heliocentric Mars 05:31 EST
Heliocentric Earth parallel Heliocentric Mars 06:27 EST
Heliocentric Mercury quincunx Heliocentric Pluto 06:45 EST
Heliocentric Earth in 24th harmonic to Heliocentric Vulcanus 10:09 EST
Heliocentric Venus semisquare Heliocentric Neptune 11:04 EST
Heliocentric Earth in 24th harmonic to Heliocentric Hades 13:36 EST
Heliocentric Earth square Heliocentric Zeus 14:09 EST
Heliocentric Mercury sextile Heliocentric Admetos 15:24 EST
Heliocentric Mercury conjunct Heliocentric Vulcanus 17:10 EST
Heliocentric Mercury semisextile Heliocentric Hades 17:45 EST
Heliocentric Earth in 24th harmonic to Heliocentric Mercury 18:36 EST
Heliocentric Mars quincunx Heliocentric Pluto 18:54 EST
Heliocentric Mercury square Heliocentric Apollon 19:20 EST
Heliocentric Mercury sesquiquadrate Heliocentric Cupido 21:52 EST
Heliocentric Mercury semisquare Heliocentric Jupiter 23:09 EST

December 30
Mercury opposition Kronos in right ascension 00:15 EST
Sun square Mars 00:56 EST
Mercury opposition Kronos 00:58 EST
Venus conjunct Neptune in right ascension 01:52 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Saturn 02:07 EST
Uranus enters Pisces 04:11 EST
Saturn sesquiquadrate 05/16/03 Lunar Eclipse Point 04:48 EST
True Lunar Node direct station 05:50 EST
Venus conjunct Neptune 12:18 EST
Sun square Zeus 12:36 EST
Heliocentric Earth quincunx Heliocentric Cupido 13:39 EST
Jupiter square Pluto in right ascension 14:01 EST
Mercury sextile Uranus 14:38 EST
Mercury retrograde enters Sagittarius in right ascension 14:53 EST
Mercury retrograde enters Sagittarius 15:02 EST
Mars trine Cupido in right ascension 16:27 EST
Heliocentric Mars contraparallel Heliocentric Neptune 17:04 EST
Mercury semisquare Venus in right ascension 17:08 EST
Mars contraparallel Zeus 17:37 EST
Mars opposition Zeus 20:38 EST
Mars contraparallel Zeus in right ascension 20:47 EST
Mars opposition Zeus in right ascension 21:22 EST
Heliocentric Venus enters Aries 22:18 EST
Heliocentric Earth sextile Heliocentric Jupiter 22:58 EST
Heliocentric Mercury enters Leo 23:45 EST

December 31
Heliocentric Mercury trine Heliocentric Venus 00:18 EST
Heliocentric Mercury semisextile Heliocentric Kronos 02:59 EST
Chiron trine Admetos in right ascension 04:46 EST
Sun semisextile Cupido 05:49 EST
Cupido opposition 5/31/03 Solar Eclipse Point 06:43 EST
Heliocentric Mercury quincunx Heliocentric Uranus 08:56 EST
Venus sesquiquadrate Kronos in right ascension 09:08 EST
Mercury semisquare Neptune in right ascension 09:25 EST
Heliocentric Venus square Heliocentric Kronos 10:07 EST
Sun opposition Saturn in right ascension 14:54 EST
Heliocentric Earth conjunct Heliocentric Saturn 15:50 EST
Sun opposition Saturn 15:57 EST
Heliocentric Mercury sesquiquadrate Heliocentric Pluto 20:06 EST
Void-of-Course Moon begins 21:27 EST
Heliocentric Mercury parallel Heliocentric Chiron 23:25 EST

January 1
U.S. Markets closed for New Years holiday
Void-of-Course Moon ends 00:02 EST
Heliocentric Mercury square Heliocentric Poseidon 00:19 EST
Mercury semisquare Venus 01:55 EST
Mars trine Cupido 02:23 EST
Venus square True Lunar Node in right ascension 06:35 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Vulcanus 07:05 EST
Heliocentric Mercury semisquare Heliocentric Hades 07:42 EST
Heliocentric Mercury sextile Heliocentric Zeus 07:48 EST
Heliocentric Venus semisextile Heliocentric Uranus 08:02 EST
Heliocentric Mercury trine Heliocentric Cupido 12:02 EST
Heliocentric Mercury semisextile Heliocentric Jupiter 14:16 EST
Mars square Saturn 15:22 EST
Heliocentric Mercury semisextile Heliocentric Saturn 16:59 EST
Heliocentric Earth semisextile Heliocentric Mercury 22:28 EST
Mars sesquiquadrate 05/16/03 Lunar Eclipse Point 23:19 EST

January 2
Mercury retrograde station 1-year anniversary
Venus contraparallel Admetos 01:22 EST
Venus contraparallel Admetos in right ascension 02:09 EST
Heliocentric Mercury opposition Heliocentric Neptune 05:33 EST
Venus in 24th harmonic to Uranus 08:25 EST
Void-of-Course Moon begins 14:20 EST
True Lunar Node retrograde station 14:39 EST
Sun semisextile Neptune 14:43 EST
Heliocentric Mars conjunct Heliocentric Admetos 16:31 EST
Venus sesquiquadrate Kronos 18:02 EST
Heliocentric Mercury semisquare Heliocentric Kronos 19:13 EST

January 3
Sun in 24th harmonic to Mercury 00:49 EST
Venus square Admetos in right ascension 01:35 EST
Venus semisextile Chiron in right ascension 07:55 EST
Heliocentric Mercury quincunx Heliocentric Chiron 10:31 EST
Heliocentric Mars sextile Heliocentric Vulcanus 11:31 EST
Void-of-Course Moon ends 12:58 EST
Heliocentric Earth quincunx Heliocentric Neptune 13:01 EST
Heliocentric Mercury trine Heliocentric Pluto 13:40 EST
Venus contraparallel True Lunar Node in right ascension 14:53 EST
Venus contraparallel True Lunar Node 15:03 EST
Heliocentric Venus quincunx Heliocentric Poseidon 15:06 EST
Heliocentric Mars semisextile Heliocentric Hades 18:09 EST
Jupiter retrograde station in right ascension 18:12 EST
Jupiter retrograde station 18:58 EST
Heliocentric Mars sesquiquadrate Heliocentric Zeus 19:03 EST
Heliocentric Mercury sesquiquadrate Heliocentric Venus 19:34 EST
Mercury semisquare Neptune 20:14 EST
Sun semisextile Neptune in right ascension 23:13 EST
Heliocentric Mercury square Heliocentric Admetos 23:33 EST

January 4
Heliocentric Mercury semisextile Heliocentric Vulcanus 01:34 EST
Venus quincunx Jupiter in right ascension 02:04 EST
Heliocentric Mercury sextile Heliocentric Hades 02:16 EST
Heliocentric Mercury semisquare Heliocentric Zeus 02:22 EST
Heliocentric Mercury square Heliocentric Mars 03:14 EST
Mars square Saturn in right ascension 03:49 EST
Heliocentric Mercury sextile Heliocentric Apollon 04:03 EST
Venus sextile Pluto in right ascension 04:44 EST
Cupido sextile Zeus in right ascension 07:18 EST
Venus parallel Neptune 08:24 EST
Venus parallel Neptune in right ascension 08:27 EST
Heliocentric Venus semisquare Heliocentric Admetos 08:37 EST
Heliocentric Mercury in 24th harmonic to Heliocentric Jupiter 10:19 EST
Heliocentric Mars quincunx Heliocentric Apollon 10:55 EST
Heliocentric Mercury semisquare Heliocentric Saturn 12:43 EST
Saturn quincunx Cupido 14:28 EST
Heliocentric Venus opposition Heliocentric Zeus 17:51 EST


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STOCKS TO WATCH: BSTE, COP, CSGP, HRBT, JBHT, NEOG.

Biosite, Inc. (BSTE)
First Trade Date: 02/12/1997; 09:30 a.m.
Trading Strategy: This is a fairly risky trade, but it’s a stock that has caught our attention because it has already been severely beaten down in price, yet still has Saturn approaching its First-Trade Sun. That particular transit typically creates a bottom for a stock, and it may be just the trigger needed to bring BSTE out of the basing pattern that it has been developing for the past couple of months. With the stock currently about 53% off its 52-week high, there’s definitely room for an upside move here. While we wouldn’t suggest this trade for our more risk-adverse subscribers, our plan is to add a long position to the Model Portfolio this week, setting our initial stop at 23.45.

Conocophillips (COP)
First Trade Date: 05/27/1920; 10:00 a.m.
Trading Strategy: Neptune is forming an opposition to the COP First-Trade Jupiter, a factor that has inflated the price for this stock recently. At the same time, however, transiting Saturn is square First-Trade Chiron, so the rally may find its limit rather quickly. One of the First-Trade chart’s strongest features is a tight conjunction between Jupiter and Cupido; when we calculate planetary lines corresponding to their geocentric positions with Jupiter at 131.9 and Cupido at 132.2, we get some major insights into the price structure for this stock. This Cupido line added to the support picture for COP in early 1986, triggered a price gap in August 1986, became the mean for a trading range throughout most of 1989, underscored support in the fall of 1992, strengthened resistance at the end of October 1994 and in late May 1995, helped define the bottom in April 1997, created the framework for the shoulders in the head-and-shoulders pattern in the fall of 1997, triggered a gap and created resistance in November 1997, added to the support structure in early 1999, enhanced support at a higher price level in the summer of 1999, and provided support yet again as recently as July 2003. In other words, it’s a factor that should be taken seriously with this stock, which leads us to believe that the resistance it is currently providing will hold. We are thus ready to sell COP short this week, setting our initial buy stop at 64.85.

Costar Group, Inc. (CSGP)
First Trade Date: 07/01/1998; 09:30 a.m.
Trading Strategy: With transiting Saturn currently conjoining the CSGP First-Trade Sun, the price of this stock has pulled back from the highs it set earlier this year. In our book, that’s a buying opportunity, especially since transiting Venus is conjunct the CSGP First-Trade Uranus and the True North Node is conjunct the CSGP First-Trade Midheaven. To top things off, Mercury’s direct station in early January will activate both Mars and Uranus in the First-Trade horoscope, which could add some extra strength. Much of the price structure for this stock is revealed through planetary lines: geocentric Pluto at 24.519 and geocentric Admetos at 49.26. Our plan is to add a long position in CSGP to the Model Portfolio this week, setting our initial stop at 38.10.

Hudson River Bancorp Inc. (HRBT)
First Trade Date: 07/01/1998; 09:30 a.m.
Trading Strategy: With Saturn conjunct the HRBT First-Trade Sun, we would typically expect the price of this stock to continue moving up. There’s another factor to consider here, however. Admetos conjoins the Midheaven in the First-Trade horoscope, and the transiting True Lunar Node is currently conjunct First-Trade Admetos. We suspect that this particular configuration may just be enough to bring Hudson River’s forward progress to a standstill. This company has great fundamentals and a solid technical outlook, but in this particular case we’re going to be astrological contrarians and short the stock this week. We will set our initial buy stop at 40.55.

J. B. Hunt Transportation Services Inc. (JBHT)
First Trade Date: 11.22.1983; 10:00 a.m.
Trading Strategy: We traded this stock most recently in our experimental Eclipse Portfolio, getting stopped out of our long position with a small profit. Now we’re ready to take a look at it from the short side. Saturn’s current transit over the JBHT Descendant is squeezing prices for this stock right now, and transiting Jupiter, nearing its retrograde station, is helping to hold prices up through its semisquare to the First-Trade Midheaven. Even though Jupiter will continue to make its influence felt, it will soon be moving out of the picture, and as it does so, Uranus will square the First-Trade Chiron. This suggests that it’s time to short this stock; we will add a short position early this week, setting our initial buy stop at 27.50.

Neogen Corporation (NEOG)
First Trade Date: 08/23/1989; 09:30 a.m.
Trading Strategy: Saturn is currently crossing the NEOG First-Trade Midheaven, which would typically indicate that a bottom is being formed and that it’s time to look for rising prices ahead. There is a powerful support/resistance configuration; however, formed by the geocentric planetary lines for Saturn at 27.75, for Zeus at 17.57, and for Admetos at 44.45, that strongly impacts the price movement for this stock. Right now we think NEOG has enough momentum to build on that planetary structure for added strength, so we plan to put on a long position in NEOG this week, setting our initial stop at 24.38.



FINANCIAL CYCLES (ISSN 1055-8527) is published by Taylor-Bost Consulting and edited by Tim Bost at 2831 Ringling Boulevard, Suite B-108, Sarasota, FL 34237 USA. Phone: 941-953-3545. Fax: 941-953-3732. Email: timbost@pipeline.com. Entire contents copyright 2003 Timothy L. Bost. No portion of this Weekly Email Update or its printed version may be reproduced without the publisher's written permission. Subscriptions to FINANCIAL CYCLES are $39.00 per month for weekly updates by email or fax, payable by monthly billing to a major credit card. Advance payment options (by credit card, check, or money order) are $228 for 6 months, $432 for 1 year or $815 for two years. All subscriptions are payable in US funds only— Visa, MasterCard, American Express, Diners Club, and Discover/Novus accepted; please make checks or money orders payable to Taylor-Bost.

By providing a source of independent market analysis, the purpose of FINANCIAL CYCLES is to foster the growth of person-centered business and investment astrology; to enhance the development and dissemination of financial literacy and prosperity consciousness; and to explore the use of technical analysis and financial astrology in promoting an esoteric spiritual understanding of economic trends, geocosmic cycles, geopolitical events, and market movements. FINANCIAL CYCLES is a general interest publication which is prepared from astrological information, news reports, cycle projections, and market observations which are believed to be accurate and reliable, but which cannot be guaranteed. Portfolio and trading reports in this publication do not include taxes and transaction fees, which should be taken into consideration by prospective traders and investors. Even with accurate information, past performance is no guarantee of future results. Speculation in securities and commodities involves considerable financial risk, and readers who plan to invest or speculate in securities or commodities mentioned in FINANCIAL CYCLES have the complete responsibility for making themselves fully aware of all the risks involved before they invest. The editor may or may not have positions in the securities and commodities discussed in this newsletter, and the information in FINANCIAL CYCLES should in no way be understood or construed as a solicitation or an offer to buy or sell any products or securities, nor should the material published in this newsletter be considered buy/sell advice.

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posted by Tim Bost @ 12/28/2003 10:58:49 PM