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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.62

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Feb 5 4:00 PM EST

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To: drsvelte who wrote (24498)	12/6/1999 5:08:00 AM
From: Johnny Canuck	Read Replies (1) of 70538

To: mark (13731 ) From: Gary Korn Saturday, Dec 4 1999 1:01AM ET Reply # of 13742 From the 12/3 CTSL newsletter (Michael Murphey): Informix (Issue #377) agreed to buy Ardent Software for $772 million in stock,gaining software to add e-com- merce customers.Ardent's software analyzes customer website behavior and integrates data from multiple sources. IFMX shares fell 12% on the news due to short selling. IFMX struck a deal with Virage,a maker of software for searchable and interactive video. Virage will catalogue IFMX ?s media asset management system, Media360,a inte- grated product with object-relational technology,content creation tools,web publishing,e-commerce and analytical solutions. The stock is our #1 buy under $12. CTSL also has set a 12-month price target of 28. Gary Korn

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