To: Donald Wennerstrom who wrote (2288 ) 10/24/1998 12:22:00 PM From: Donald Wennerstrom Read Replies (2) | Respond to of 2754
This is an update of information on group performance since 4/25/97. At the low point on 4/25/97, the group average prices began increasing in a steady fashion and never had a down week until 9/26/97, a period of 22 weeks. During that period, the group price went from 760 to 1460, a gain of 92 percent without a hiccup. Note that in the first 6 weeks of that run in 1997, from 4/25/97 to 6/6/97, the group gain was 26 percent. This past week, in just 5 days, the group gain was 27 percent. That is on top of a gain of 14 percent the week before. Taking the last 2 weeks, the group gain has gone from 409 to 594, a 45 percent increase. The same approximate gain in 1997 took 11 weeks to attain. The question of interest is - what is going to happen next week? Clearly, the "rubber band" has snapped back a long way from the tremendously oversold position of the group 2 weeks ago, but will the snapback continue? Only the "market" knows!! WEEKLY CUM CLOSING SUM PERCENT PERCENT PRICE CLOSING GAIN/ GAIN/ DATE PRICES LOSS LOSS 04/25/97 760 06/06/97 955 26 26 06/13/97 954 0 26 06/20/97 989 4 30 06/27/97 1009 2 33 07/04/97 1055 5 39 07/11/97 1136 8 49 07/18/97 1143 1 50 07/25/97 1199 5 58 08/01/97 1201 0 58 08/08/97 1284 7 69 08/15/97 1302 1 71 08/22/97 1432 10 88 08/29/97 1428 0 88 09/05/97 1461 2 92 09/12/97 1448 0 91 09/19/97 1460 1 92 09/26/97 1436 -2 89 10/03/97 1452 1 91 10/10/97 1452 0 91 10/17/97 1252 -14 65 10/24/97 1095 -13 44 10/31/97 1034 -6 36 11/07/97 1063 3 40 11/14/97 1006 -5 32 11/21/97 1023 2 35 11/28/97 962 -6 27 12/05/97 951 -1 25 12/12/97 767 -19 1 12/19/97 813 6 7 12/26/97 797 -2 5 01/02/98 843 6 11 01/09/98 759 -10 0 01/16/98 796 5 5 01/23/98 808 2 6 01/30/98 829 3 9 02/06/98 927 12 22 02/13/98 971 5 28 02/20/98 959 -1 26 02/27/98 1006 5 32 03/05/98 914 -9 20 03/13/98 903 -1 19 03/20/98 880 -3 16 03/27/98 908 3 19 04/03/98 947 4 25 04/10/98 900 -5 18 04/17/98 924 3 22 04/24/98 967 5 27 05/01/98 932 -4 23 05/08/98 913 -2 20 05/15/98 866 -5 14 05/22/98 805 -7 6 05/29/98 764 -5 1 06/05/98 723 -5 -5 06/12/98 642 -11 -16 06/19/98 638 -1 -16 06/26/98 675 6 -11 07/02/98 662 -2 -13 07/10/98 645 -3 -15 07/17/98 670 4 -12 07/24/98 622 -7 -18 07/31/98 625 0 -18 08/07/98 669 7 -12 08/14/98 622 -7 -18 08/21/98 597 -4 -21 08/28/98 521 -13 -31 09/04/98 474 -9 -38 09/11/98 483 2 -36 09/18/98 468 -3 -38 09/25/98 487 4 -36 10/02/98 442 -9 -42 10/09/98 409 -7 -46 10/16/98 468 14 -38 10/23/98 594 27 -22