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To: John McCarthy who wrote (21970)	1/23/2000 8:45:00 PM
From: DanZ	Read Replies (2) \| Respond to of 53068

CLZR. John, Thanks for sharing your DD on Candela. The chart looks very good, although it is overbought short term. Often, an overbought stock will stay that way for a while, so I wouldn't sell it simply because it's overbought. Just look at GUMM for an example of what a stock can do after the technical indicators get overbought. GUMM has gone up about $5 per share even though it is overbought. The same is true for stocks in downtrends. Sometimes they make their biggest moves down after they are already oversold. The dynamics of CLZR are similar to GUMM in that CLZR also has a large and rising short position and both companies have about the same number of shares outstanding. If the fundamentals support a higher price, then this may be a very good stock to hold. My biggest concern with the chart is the gap between 19 1/2 and 20 1/4. If the stock gets below 23, I think it might fill this gap. I intend to do some more research on this stock and sincerely appreciate your sharing it. Would you happen to know who their competitors are, or do they have a monopoly for these types of lasers? Also, do you know what percentage of their revenue and income is derived from service rather than sales? Do any third party companies service their lasers? I could look this information up myself, but it would be easier if you have it readily available. If you have to look it up, please don't worry about it as I can do it myself. Thanks. Dan