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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Olu Emuleomo who wrote (6091)	1/7/1999 10:54:00 PM
From: Swami	Read Replies (1) \| Respond to of 90042

Time out. Not that I care about MTC one way or the other, but--since I'm trying to improve my TA eye, as I suspect are many others--WHY is the chart so bad? Appears to me it's been in a sustained pos trend for a couple of months. Stochastics look very reasonable. From this rank novice's point of view, in fact, it looks like a pretty good mid-term bet. Please tell me what I'm missing. All the best, SWAMI

To: Olu Emuleomo who wrote (6091)	1/8/1999 7:57:00 AM
From: JeffA	Read Replies (1) \| Respond to of 90042

Good Morning Olu OK time to defend my pick. The huge drop you see in our chart is when the merger was called off. MTC has recently undertaken the monumentous task of buying DKB for $100 a share (4 billion) DLP for (I forget how much, several hundred million) and going alone without the benefit of AHPs deep pockets. That is why it appears MTC could be in trouble. But: 1. Round Up ready crops are going to be sold in record numbers next year. 2. Celebrex is approved. We are taking it to market now. This is a potential billion dollar annual in sales arthritis drug. PFE only gets a set fee for distribution. 3. When DLP acquisition is complete, we will have over 55% of the worlds cotton market. I believe these are decent reasons to hold in your long term and forget they are there. We also have recently had two splits in '96/'97. I've stated my case. The technicals will not reflect the majority of what I have stated, or can they? I don't do much chart analysis. I can clearly see the difference in the charts you've posted but if you look at MTC chart up to the merger called off it is just like those other two charts. Good Luck to you.