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Strategies & Market Trends : SPARKY'S CORNER

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To: Bruce A. Brotnov who wrote (3517)	8/24/1998 7:58:00 PM
From: David Rubin	Read Replies (2) of 4142

REXI had a conference call today to talk about rumors that have been circulating. Apparently some consulting firm in Boston issued a very negative report, citing among other things, accounting irregularities and bad Asian loans. Management vehemently denied the facts in the report, and stated that there has been no change to their business and they are comfortable with analysts expectations. One disheartening thing about the conference call is that there were no analysts asking questions -- most of the questions were from individual investors who did not sound very savvy. Anyway, if what Management says is true, REXI could be due for a rebound. But technically if it doesn't get back to 22, there is no support until the teens...

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