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To: Philip W. Dunton, Jr who wrote (1786)9/18/1999 5:26:00 PM
From: John Stewart  Read Replies (1) | Respond to of 3661
 
Phil;

Last time it looked like this it doubled in less than a month. Don't think it's likely to happen, but it would be nice. BTW, the huge share increase in strip I mentioned (+10 points this year) I expect to get noticed some time in the 4Q that GSNX is now #2. I would not want to be a holder of GSNX when it's (finally) noticed.

Best Regards,
John Stewart



To: Philip W. Dunton, Jr who wrote (1786)9/19/1999 3:36:00 PM
From: Ian@SI  Read Replies (2) | Respond to of 3661
 
Phil,

Interesting.

I couldn't find a legend for the MAs. Are they 10 day and 50 day???

If the red plot is a 50DayMA, then it looks quite interesting. ON that graph the only time that the 50 DMA stayed flat to up for more than 2 weeks was the period ending the first week of June.

If we're about to see a repeat of the graph slope for the ensuing weeks, I will be one very happy person, whose general feeling of well being is only vastly surpassed by John S. But he always was much smarter than I. ;-)

Enjoy your weekend,
Ian.



To: Philip W. Dunton, Jr who wrote (1786)9/19/1999 4:23:00 PM
From: Ian@SI  Respond to of 3661
 
Phil,

Don't send the chart to Alan Abelson, the most bearish columnist at the most Bearish of the Dow Jones family of publications, Barron's.

Here's an extract from his column in tomorrow's paper.

...
Republic was seemingly an unwitting and certainly witless accomplice of Martin A. Armstrong and his investment advisory firm, Princeton Economics International, in allegedly bilking scores of Japanese corporations out of nearly a billion dollars. The victims were ensnared by a rather transparent old-fashioned Ponzi scheme, with the lure taking the form of guarantees of handsome returns on fixed-income instruments (apparently not all Japanese executives are eligible for membership in Mensa).

According to The Wall Street Journal, Mr. Armstrong is one of the two scheduled keynote speakers at the Canadian Society of Technical Analysts conference next month. The Journal failed to identify the other keynote speaker, but rumor has it he's Martin Frankel (who may encounter trouble booking air passage from Germany).

The president of the society says he still hopes Mr. Armstrong can fill the engagement because of his "wealth of knowledge" (presumably of Ponzi schemes).

Since technical analysts of whatever nationality use a vocabulary based exclusively on the entrails of animals, their IQs do not lend themselves to any of the standard measures of intelligence. So, grudgingly, we'll give the Canadian variety of this strange species a pass.
...