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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (10030)	11/22/1998 3:33:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 34806

Judy, IOM is on a roll with 18M ZIP drives sold and the new 250MB ZIP introduced just before Sony ships their HiFD. Their new management pays more attention to the bottom line. They have the promising Click! minidrive with 40 MB cartridges (with SKU# already assigned by Ingram). This drive could become popular for digital cameras, GPS and other consumers applications. IOM is not a sure thing, but bears close watching. [I sold half at $9+ recently]. None of the competition is close. Michael Coley keeps Iomega stats wwol.com and Allen Murdock is one of the astute investors in the stock. Member 1274985 For RDRT and QNTM I'm just trying to play the cycle. Stitch is active in the industry and would be a good source for details. Member 4303874 Gottfried retired <g>

To: Judy who wrote (10030)	11/22/1998 4:14:00 PM
From: Bwe	Read Replies (1) \| Respond to of 34806

Another stock I've been watching very closely is Bear Stearns (BSC). BSC just gave a Triple Top buy signal at $38 on Friday and the stock is acting very well of late. The stock is still 39% below it's 52 week high (similar to LU which I wrote about this morning which is about $24 (22%) off it's all time high). Big difference between the two stocks, however, is the RS, which for BSC is bearish with a RS sell signal as of 10/6/98 and still in a column of O's. The RS chart is not too far from a reversal into X's, however, the RS must still be called bearish. In the past 29 trading days the stock has outperformed the Dow on 15 of them. Nothing special there. A horizontal count price objective yields a $47 po. The stock is in an incomplete vertical count situation, however, the current po is $53. Both po's suggest the stock will break it's nemesis, the BRL, which has gone unchallenged since being drawn in at the July $61 high. $43-$44 is a critical area for the stock as a Bullish Resistance Line lies waiting at $43. Should the stock make it through this resistance that provides 10% upside from current levels, a reversal in the RS will likely be the next brick placed in the wall of the bullish case. Lots of ifs, but a triple top buy, an extremely low p/e make BSC worth a look. All IMHO, Bruce