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To: MulhollandDrive who wrote (55119)8/5/1999 4:52:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 86076
 
bp,
I don't have any view into the "why" of the action. Though I don't believe that it was short covering. I think people were calling a bottom and jumping in.

EXDS would have to hit $130 to break the downward trend and $135 to actually give a buy signal. I have support points at $95, $70 and $60.

I wouldn't mind owning EXDS for the long term, just not at what I see as the beginning of a very weak market.

My objective with EXDS is very short term.

JXM