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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.51

0.0%

Jan 8 4:00 PM EST

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To: Clint E. who wrote (18624)	12/18/1998 3:23:00 PM
From: Johnny Canuck	Read Replies (1) of 69599

Clint, One of the stocks you used to follow ITWO is finally breaking out above the 200 DMA on analyst upgrades. The conservative foward guidance from the last conference call by ITWO was due to weakness in the PSFT channel. ITWO management could not figure out what market dynamic was causing the weakness and assumed it would be industry wide. PSFT is still weak and looking weaker all the time. I am not sure what is driving the upgrade. Regards Harry

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