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Politics : Idea Of The Day

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To: Michael Rich who wrote (15826)	12/20/1997 9:35:00 AM
From: W. Clinton Terry	Read Replies (1) of 50167

M. Pardon me for butting in, but what is MF. Also, I would be interested in what you see on the charts indicating that IOM is a short at these levels. The chart I am examining indicates that IOM broke through its 200 day mav and rebounded nicely towards the 50 day mav. The RSI is downward but the mav trend lines are not downward looking. The accumulation/ditribution score on daily charts is a "C" which is in the middle of the scale. I am long the position and am always interested in other opinions. If you look at the volume of the stock over the past several weeks, it would not indicate a strong sell off. The downward movement of the stock price of recent has been on very low volume. I do not know how to interpret the recent price action, which did have good volume on the downside, just as its rise yesterday also had good volume and block trades. Perhaps it was expiration week. I would think the stock will rise next week because of the split and because the market is likely to rise a bit at least during the first part of the week. It might a reasonable short in the low the middle 30s, but I am waiting developments to assess that. Clinton Thanks for you input.

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