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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: Scott H. Davis who wrote (399)	3/3/1998 11:45:00 PM
From: HeyRainier	Respond to of 1720

[ Perle Systems ] Scott, Today's volume was very interesting. The stock opened a tad lower to insignificant selling, but what attracted my attention was that within a span of 30 minutes, block after block of shares just kept getting bought: first, about 5,000, then 10,000, 20,000, and finally, about 35,000 right behind it. Even with the lower close on the quote systems, the bid actually closed higher than the previous trading day; the candles ticked up, and so did the Accumulation/Distribution indicator. Currently, it looks like the short term downtrend from October has finally been broken, and with a close at or above $1.80, the longer term downtrend from May of 1996 will be broken as well. I'm getting green lights on my indicators now, volatile as they may be for smaller issues. Perle Systems passes a lot of my tests from the fundamental and technical scrutiny I apply to my stocks, plus some key points from Philip Fisher's 15 Points to Look For. Cautiously Optimistic, Rainier

To: Scott H. Davis who wrote (399)	3/4/1998 11:17:00 PM
From: HeyRainier	Read Replies (1) \| Respond to of 1720

[ Perle Systems ] Wow. We just had a breakout from the long term downtrend (begun in May of 1996) with today's close at $1.875. The price now sits above the 200 day moving average. The price action has to break past the base limit at approximately $2.00 before any overhead resistance can be cleared. Afterwards, the trading supply/demand characteristics appear to dictate that the stock can move unhindered to about $2 5/8. Cautiously optimistic. Rainier