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To: EUGENETUCK who wrote (4750)	12/2/1998 6:27:00 PM
From: D.J.Smyth	Read Replies (1) of 10072

Eugene, excellent article. reviewing the trading stats for today, one can only conclude that the specialist for IOM is a wonder. they've been called more colorful descriptives, certainly. nevertheless, recall that last year IOM posted missed earnings by $.01 and it opened at $9 and change after closing close to $15 the day before. this gap in trading has yet to be accounted for. obviously, no sells took place between $9 and $14 1/2. the drop was permitted to prevent excessive shorting. if IOM ever closes above $10 the run back to $14 shouldn't take excessive amounts of trading energy (wouldn't think) due to the prior gap. this phenomena, of course, is based solely on general technical analysis charting, and not on "bobby socks and hair pins" relativism.

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