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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (617)	4/7/1998 7:38:00 PM
From: clochard	Read Replies (1) \| Respond to of 4634

It seems to work sometimes. Remember how ZONA returned to the 20's after sinking to 13? I'll bet a lot of people looked at the chart and thought it cheap so they bought some! I learned one lesson from this, which Jim pointed out: never short a stock near the bottom of its range because a lot of idiots will buy it simply for that reason.

To: Bill Wexler who wrote (617)	4/7/1998 11:46:00 PM
From: Jim Roof	Read Replies (1) \| Respond to of 4634

Bill, I think it's a little too soon to be saying who is wrong or who is right in any of these stocks. You are the one who has put stuck his neck out and said that BTIM will trade below one dollar and ZONA somewhere near that. BTIM continues to show support at its last major area of resistance in the 10-12 range. ZONA may be a dead duck but a move to 20 in now way rules out a rally to 30. HEPH's chart is a classic pattern. The consolidation that took place on the mid-teens is a classic pattern that leads to a continuation of the preceding trend about 75% of the time. If it were a fundamentally sound company then today was the day that a technical buy signal was generated. Go ahead and poo-poo TA. I am comfortable with what I have learned from it. I don't think you have considered it enough to know what you are talking about. Jim