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To: MJ who wrote (8811)	6/20/2001 6:08:35 PM
From: BWAC	Read Replies (1) \| Respond to of 11568

And I don't mean to totally dismiss a chart. It helps sometimes. My point would be are you buying an asset with a supposed earnings stream or are you buying a chart?

To: MJ who wrote (8811)	6/20/2001 6:26:19 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 11568

It's amazing that two intelligent people can look at the same chart and come to opposite conclusions. Since the top 2 years ago, the stock was in a downtrend until December 2000. We set new lows almost every month. In the last 5 1/2 months, we have been in a volatile sideways movement, but have not taken out the December lows. The pattern of lower lows has been broken. This year, we have bounced repeatedly at 13.5-15, indicating a large amount of money willing to buy at those prices. What more do you want to indicate a basing pattern? The pattern of lower highs has not been broken yet. If you wait till that signal, you'll be buying in the low 20s, a price significantly higher than today's. And, if the basing pattern continues, buying when we cross the 200DMA will mean buying at the top of the horizontal range. Sometimes the bottom is a selling climax. The volume peaked late last year, as the stock collapsed on huge volume. Doesn't that count as a selling climax? Sometimes the final bottom is on disinterest and low volume. If we retest the lows now, or set new lows, it could be a disinterest low. We may not get another selling climax. This stock has been out of favor so long, no one even wants to talk about it.