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To: ItsAllCyclical who wrote (55114)	11/20/1999 11:19:00 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

REXI worth a look. Why I keep harping on it... 1) It's fundamentally cheap. Over $1.20+ worth of earnings trading at 8 1/2. It's E&P side should give it nice upside in earnings for the next several quarters. 2) Technical breakout over the 50 dma, nice double bottom recently. Downterm trend line (since July) has been broken. 3) A partial energy E&P play still near a 3 year low 4) It doesn't trade in-synch with the energy sector but gets some benefits from higher gas prices. 5) Short interest has declined dramatically over the last 12 months (kind of like a good bill of health imho). If there were still accounting issues at REXI I think you'd see shorts swarming over all this latest move. They may still show up, but they haven't yet. I agree with Gary that the OSX and XOI look overbought short term (although the XNG is still oversold). As such I've been looking for laggards within the energy sector, partial energy plays and lagging tech stocks. Short interest link viwes.com I already have my position at 7 9/16 and 7 7/8, but will add more if we see the low 8's again. It needs to break 2 levels before we're off to the races. A break of 9 will send it to the 11-10 range and a break of 11 could send it back to the 15-20 range. It's at 8 1/2 now. I think it's still a buy at these levels. Above 9 one needs to be a little cautious short term. The chart shows an obvious breakout... timely.com