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To: waverider who wrote (11133)	2/9/1998 3:05:00 PM
From: Broken_Clock	Respond to of 95453

On last Thursday the OSX chart looked like this(forget Fridays's confirmation candle).http://www.iqc.com/chart/default.exe?PERIOD=120&time=day&chart=candle&chart1=ma&volume=y&rsi=y&stochastics=y&momentum=y&symbol=%24osxThe candle from Thursday is about as good a reversal sign as one could ask for.Look what happened...chalk up one for TA! I like to trade short term(1-5 days) in this sector for now.I will take longer positions when the Iraqi situation is cleared up in a couple of months.Also, i am looking for the likely possibility of a moderate down turn in the overall market by March(7600=/-).If the bull returns then i can always jump in with both feet.Too much uncertainty right now.I was long term in oct. and got wacked hard by not following my own instincts.In this market, timing is everything.IMHO. PK

To: waverider who wrote (11133)	2/9/1998 3:08:00 PM
From: Czechsinthemail	Respond to of 95453

from Briefing.com: FRIEDE GOLDMAN INTERNATIONAL (FGII) 34 3/4 +5/16. Over the past two weeks we have been extremely bullish on FGII shares, and have seen them rally more than 40%. But now with the stock trading at 25x forward earnings projections, up from the 18 multiple traded when we first highlighted the stock on Jan 28, we are forced to take a step back from the issue. This decision is based entirely on fundamentals. However, those who follow Friede Goldman know that this stock makes a lot of its moves on momentum. Because of this, we are not completely bearish on FGII, particularly given that the company is due to report earnings later this week. Following the blow-out numbers issued last week by competitor Gulf Island Fabricators (GIFI), which has ignited a 34% rally in the stock, you can be sure that many in the momentum crowd will stick around in anticipation of similarly robust results from FGII. Over the intermediate-term (4-6 weeks), however, we would expect Friede Goldman shares to settle back into the $29-$30 range, and probably lower if crude prices begin to head south again.

To: waverider who wrote (11133)	2/9/1998 3:13:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Diamond... My re-entry for FGII is 28-30. I will use the newly forming trend lines and support lines until proven different.http://www.iqc.com/chart/default.exe?PERIOD=120&time=day&chart=candle&chart1=ma&volume=y&rsi=y&stochastics=y&momentum=y&symbol=fgii PK