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To: nealm who wrote (1912)	10/30/1998 2:00:00 PM
From: Stu	Respond to of 2389

Perhaps, can we now say that they won't fail? While the evidence doesn't strongly support my theory that we won't have a big move up, I feel that it very strongly supports my theory that we won't go below $30. Here are a few things to think about: - In September, ALTR hit a 12-month low for average daily volume at 1,788,950. - In October, ALTR hit a 12-month low for shares short and days to cover (even in this period of low volume shares short was actually less than the average daily volume for the first time in over a year) - In October, shares short dropped by a little less than a third to 1,871,663. This follows a significant trend since May when shares short was around 7 million. My take on this is that the shorts have realized that ALTR has reached a bottom and is not going to go lower than $30-$35. They've closed out their positions, which has something to do with why we are sitting at this current peak. However, volume has also been low. 1.7 million shares per day is about half the 3 million shares per day that we were seeing in the first half of the year. My take on this is that we aren't poised for strong price appreciation. Investors have accepted that we will remain in this range.

To: nealm who wrote (1912)	11/4/1998 2:04:00 AM
From: Stu	Read Replies (2) \| Respond to of 2389

I realize that this response is a little belated, but we can also say that XLNX won't fail. The long-term picture on both of these stocks looks solid. Both have weathered the storm and positioned themselves for a return to growth. The debate now is on the length of the fuse. Like ALTR, XLNX has had two months of very slow volume. September was a 12-month low for average daily volume on XLNX at 1,485,716 shares and October beat that record with a low of 1,436,670 shares. However, unlike ALTR, XLNX's short volume has remained at relatively constant levels. The 3,666,329 shares short for October is down slightly from over 4 million shares in May. This might position it for a bigger spurt should shorts get squeezed. However, it looks like the shorts might get a chance to cover at reasonable levels. Today, XLNX nudged below the rising trendline. I'm leaving it up to tomorrow to corroborate this.