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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sal D who wrote (10405)	11/21/1998 3:53:00 PM
From: Sergio H	Read Replies (2) \| Respond to of 29382

<Looking at SHOO, GNLB, and DHI> Joe, if you're looking at SHOO, take a look at CAND. Very similar fundamental ratios as well as TA. I see a reverse Head and Shoulders pattern on both charts. CAND dissapointed analysts on Fri. and will probably be receiving downgrades. Could affect SHOO. GNLB, I know nothing about, but there is interest building up in the small biotechs once again. DHI is solid and should benefit from good housing numbers just released. October Housing Starts up +7.3% to 1.695 million Annual Rate Housing Permits rose +9.9% The TA on DHI is interesting also. Draw a trendline (DeMark) from the 11/5 high of 18 7/8 to the 11/13 high of 18 3/4. Friday's high and close broke the trendline (slightly). Calculating the range of an upcoming breakout, using the low 10 5/8 in Oct. the target price is just over $27 for a 33 % gain from here. Sergio