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To: Thean who wrote (6963)	1/7/1998 8:13:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Thean, What do you think of 180 day chart of EVI & DO. Doesn't it appear that they have based strongly and are now moving sideways in a band? Dave EVI iqc.com DO iqc.com

To: Thean who wrote (6963)	1/7/1998 8:24:00 PM
From: HH	Respond to of 95453

Thean, old pal. I am not doubting your skill in reading charts. I just think it is a mistake to short at this level. I think trend changes baffle everyone.That is where fundamental work helps the most. For example, the fundamentals of GLM are sound.So, if the current short trend turns, it may be today or it may be next month. But, with sound fundamentals you have an extra ingredient working for you. So, going long is accepted. Shorting stocks you need that extra ingredient to be working for you in the other direction. Excessive valuation or a fundamental weakness in the business. HH