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

To: clochard who wrote (633)	4/8/1998 7:22:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 4634

Altair (ALTIF) continues to crumble... ALTIF is a fraudulent mining operation with only 5 employees. ALTIF stock was run up when investors got a bit too excited about the company's claims to a patented "centrifugal jig" technology for mineral separation. The company's claims are bogus. ALTIF will eventually trade in the low single digits and I strongly reiterate my short sell recommendation. Just for fun check out the company web site at: ctaonline.com Note the "newsgroup" section where "investors" rant about how short sellers are killing the stock and how the current price collapse presents a "buying opportunity".

To: clochard who wrote (633)	4/8/1998 10:49:00 PM
From: Hank	Respond to of 4634

I don't agree with that. The trend line is still very much down and there is still no sign of another rally. Interestingly, the money flow has been very positive during this move down. It looks like somebody is trying to force another rally but they are failing. Could it be that the manipulators have finally run out of shares to dump and are not there to return the serve anymore? No matter what the reason, ZONA is destined to close solidly below 20 by the end of the week if the trend continues. Let's hope so. If it ends the week at 19 or less, I think the low teens will not be far behind.