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To: Susan Saline who wrote (14169)	5/5/1998 11:13:00 PM
From: DanZ	Read Replies (2) \| Respond to of 53068

APM, GWRX, PAUH, general market comments. Hi gang, I'm out of town this week on a business trip and can't spend too much time on-line. I hope everybody is having a good week. APM broke important support at 10 yesterday and is now trading below the lower daily and lower weekly bollinger bands. The stock has support on the monthly chart at 8 1/4 which held today. It then rallied to close unchanged. While I view this as positive technical action, I wouldn't buy the stock or add to an existing position unless it closes over 9 1/2. At that point I would turn bullish on the stock again, especially if the lower bollinger band flattens or turns up. The money flow was positive today and the stochastic appears to be at a bottom and turning up. I'm long at 10 3/8 and am still holding my position. GWRX is tremendously oversold and looks like a good buy with a target of 5 3/8 to 5 5/8. The stochastic is %K=12 %D=15 after making a low at %K=10 %D=16 yesterday. The RSI made it up to 9 today after closing at 2 yesterday. The DMI is also flashing a very oversold condition. I bought the stock at 4 5/8 and may add to my position tomorrow. I am still short PAUH and intend to hold my position unless it trades through about 16 1/4. While the stock is in a big uptrend, it is having trouble closing above the upper daily bollinger band and is very overbought. I'm also turning bearish on the market indexes because the DOW, SPX, and OEX all tested their upper daily bollinger bands yesterday and turned back. If you will recall, I posted last week that I thought the indexes would test or make new highs. They did that and now I don't like the way they are pulling back. Because of my opinion on the market averages, I am comfortable holding a short position in my portfolio. Other than the technical indicators specific to PAUH which are flashing a warning, this is another reason why I'm holding my short position in this stock. I would recommend against holding stocks that are extended or trading near resistance because they are the most susceptible to a bigger draw down if the market corrects. Dan