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To: Sword who wrote (656)	12/30/1997 9:46:00 PM
From: Jeff Bond	Read Replies (1) \| Respond to of 886

Has anyone else noticed the price of SMTC has been very predictable? Using MACD, Williams %R, and Stochastics you can pretty well time the run ups SMTC has experienced for quite some time. I know this is looking back, but the patterns are there none the less. The first indicator to trigger an upturn is Stochastics, followed usually the next day by Williams %R and MACD, with MACD sometimes falling in line two days after Stochastics. The upward moves are 4-6 days in length in a down trending price pattern, and longer at approximately 6-9 days in an up trending price pattern. When stochastics bottoms out (as soon as the current day's value is greater than the prior day), and before it has crossed a trigger line, it appears a good time to buy SMTC for a short ride up. The risk appears to be much smaller if Williams %R indicator has also bottomed on the same day, since it represents a short-term over-sold and short-term upward trending price condition. Throw in MACD in a bottoming out pattern the following day, and it appears there is VERY GOOD evidence that a run up will occur. The selling point is a little more based on tolerance to risk. Low risk tolerance suggests selling as soon as Stochastics tops out, otherwise for the brave of heart, stick it out until MACD peaks. Don't wait for MACD to cross back through the trigger line, since that appears to be a little too late in the game. alphachart.com If anyone is interested in looking at this, go to this site and generate a price chart for SMTC (200 days is fine), then add all three indicators onto the graph concurrently (Stochastics, Williams %R, and MACD). I used the default values for all of the indicators when looking at this pattern. By the way, this is a JAVA app, so you need to have JAVA enabled in your browser, or it will not work for you. Conclusion? Not sure for you, but I bought SMTC long, and admit I am not skilled enough to risk my investment money at this point in time. So, I just sit back, assume the patient investors mentality, and toss around little things like this to make myself feel bad :o) I am working on something that appears to provide similar results with a lot less information, or much better results with the same amount of information. Computers are GREAT, aren't they? Regards, JB P.S. Tom Cat may have a handle on this, but his dumpster dining tactics prohibit me from admitting that is a very likely possibility :o)

To: Sword who wrote (656)	12/31/1997 3:39:00 PM
From: Todd D. Wiener	Respond to of 886

Jerry- I haven't had a chance to look at Emerson. I just returned from Texas. Yesterday, the CEO of LUFK gave me a day-long tour of their manufacturing facilities. Their business is very strong. I spoke with the VPs of each division, specifically the oilfield equipment division. I asked if the falling price of crude oil is affecting customer orders. He said it wasn't, and that business is still very good. Based on the information that I gathered from my discussions with each division VP, LUFK's Q4 should be very good. In fact, I suspect that it may be higher than $1.00, compared to the street estimate of $0.74. I have a conservative price target of $55 in 1998. It's currently trading at $36. Todd