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Strategies & Market Trends : Action & Options- Taxikid plays

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To: Blue On Black who wrote (2331)	10/15/1997 4:33:00 PM
From: Jim Roof	of 4339

I am long BTIM at 26 but just rounded out an odd lot with a few at 68+. Looks like the big selling is over and it's conolidating well in the 63-72 range and the gap at 57-60 looks more and more like a continuation gap. I look for a breakout pretty soon with a move to the mid 80's. Volume drop is a good sign that shares have been well absorbed by the market. I am sure shorts would love to start a sell-off but I think the lack of liquidity in just 3M shares might have their hands tied. Not sure what the short interest is currently but for the last 4 months it has run 10-15% (about 400k on average). The more the merrier. Jim

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