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

To: Lost1 who wrote (12944)	1/22/1999 5:14:00 PM
From: Al Serrao	Read Replies (1) \| Respond to of 34822

Lost1, Bruce did a P&F review a week or two ago, so you might look back at it. As I recall he had a RBSL at 96 and a BSL at 73. We still holding up above the BSL and to me the story is very compelling. It looks like we're making another base here between 80 and 90 like it did this past summer when it moved between 50 and 70 for months. I like RMBS very much, the RS is on a buy but in a column of O's after this recent sell off. I doubt there will be much buying until the latter part of the year when earnings begin to ramp up. Meanwhile, all of the surprises will most likely be on the upside and you never know when another announcement will send it into orbit again. When Morgan Stanley downgraded RMBS from Outperform to Neutral because of valuation most did not see the rest of their report which stated," We have maintained our earnings estimates as well as our five-year compound growth rate of 75%". Hope this helps.