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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (2987)	1/10/1998 5:17:00 PM
From: Richard Barron	Read Replies (1) \| Respond to of 78714

Ron, Large blocks trades usually indicate a rapid acceleration of a trend or else a reversal. MEOHF seems to be ready for a reversal. Some player is stepping up to the plate to reverse the selling trend. If the sellers run out of shares to sell, then the only direction left is up when the player tries to accumulate more shares. I like reversals on huge volume. Look at CSU on Wednesday with a panic sell of about 700,000 shares at 9 and then it rebounded the 10% it was down just an hour later and ended up as high as 10-7/8 yesterday before the market dragged it down also. MEOHF held up very strong in the last 2 days without the 7-1/2 mark being violated. Richard