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To: Playin my Cards who wrote (8251)	8/16/1998 7:49:00 PM
From: virgil vancleave	Respond to of 14162

looking at a long term chart for xirc shows me there is lots of overhead resitance above 25 until around 28 or so. two tops, one back in 1997 and the other in 94 reached around what appears to be 26 and 28. then it fell and hard, both times. and with the insiders selling, something is up. but on the other hand, the stock is quite strong and has good rating in investors daily and has been increasing in a down market on above average volume. all in all, i would have to agree with the puts or short position based on past trends. stock is presently overvalued based on a price to sales perspective. (2.5) kind of funny but gva is one of my longs. i bought at 34 presplit. company is solid and looks to profit much from the new highway construction bill. i am currently on weather watch here due to some storms, but will be looking at some charts of my favorite high flyers to short. i am still long anik and have a covered position at 15. it is hovering right at 15 range so i amy get called out on friday.

To: Playin my Cards who wrote (8251)	8/16/1998 8:19:00 PM
From: Herm	Respond to of 14162

OK! Fair question. The ratio is = avg. shares traded/short interest to give you the number of days it would take to trade the current shorted shares by itself (ratio). So, for the last three months known the number of actual days of that ratio has increased. Next Friday we will see the short interest change from July 15 to August 15, 1998. I'm guessing that it will be up some more! The larger the ratio the sooner the stock will stall because of the increase liquidity (on paper as a loan)created by the extra shares traded. As the price pulls back, investors will start to liquidate their shares and the shorts will step in and buy them. A few large program block dumps and BOOM! TIMBER, the stock goes into free fall by panic selling! Average shares traded is 428,200. Friday was more than a 25% increase in volume. BB has been tagged and RSI is at 80+! The stock just about closed on the low of the day. That's telling me the stock has already started to fade. Monday, should be a pop up and then TIMBER! XIRC Date Close Change Day High Day Low Volume Aug 14 24 7/8 + 3/8 +1.53% 25 1/8 24 1/4 899,800 Aug 13 24 1/2 +1 1/8 +4.81% 24 3/4 22 7/8 748,300 Aug 12 23 3/8 + 1/2 +2.19% 23 15/16 22 5/8 522,800 Aug 11 22 7/8 - 1/16 -0.27% 22 7/8 21 9/16 808,800 Aug 10 22 15/16 + 1/4 +1.10% 23 1/8 22 1/4 460,600