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<DIV><FONT color=#000000 size=2>All,</FONT></DIV>
<DIV><FONT color=#000000 size=2> I've finished my weekly
tests and looked at the charts and feel much better this week. My
portfolio looks like it is trying to recover from the drop <G>.
Seriously, all of the indicators I follow are rising from a low that is higher
then the 10/27 low. That leads me to believe that 10/27 may have been the
bottom of the correction. However, just in case it isn't I'm not going to
rush back in with all my buying power. I'll continue to ease back towards
being fully invested by just adding one position a week. I'll also
continue to keep my stops tight and move them up whenever, I can.</FONT></DIV>
<DIV><FONT color=#000000 size=2> Since I think we may
have just finished the correction, I want to add quality stocks to my portfolio
that also look like they have finished their correction. In other words,
I'm going to bottom fish, but only on industry and group leaders. With
that in mind, I narrowed my list to Intel (INTC) and Seagate (SEG). Both
of these stocks look like they have finished corrections and are definitely the
leaders in their group. I had a hard time choosing, but finally decided on
SEG only because it had corrected further and was a lower priced stock that had
the potential for a larger percentage rise then INTC.</FONT></DIV>
<DIV><FONT color=#000000 size=2> SEG at 25 1/2 is in a
Long Term Up Trend Channel (LTUTC) with the top at 60 1/4 and the bottom at 23
1/4. It made a top of 56 1/4 on 2/19/97. From there, it fell in
stages to Thursday's low of 23 1/8 which was right on the bottom of the
LTUTC. It then rose on Friday and closed at 25 1/2. It hasn't broken
out of its short or intermediate term down trend channels yet, which a more
conservative trader would want before entering, but I'm bottom fishing here
based on the assumption (hope <G>) that the LTUTC will hold. This
assumption is reinforced by Tema(S/C) and Tema(CMF) both looking like they may
be at negative peaks. The reward/risk is great with a target of 55 under
the Feb high and a stop of 22 3/4 just under the LTUTC. The fundamentals
look good with a PSR of 0.74, Debt/Equity of 0.2, and 23% insider
ownership. The bad news is that revenue growth flattened and earnings were
negative last quarter. However, that's why the stock dropped and I think
the worst is behind them. Time will tell and I'm only risking about three
points. I'll open a position Monday if the market looks OK.</FONT></DIV>
<DIV><FONT color=#000000 size=2> I'm sending a SEG.GIF
chart to everyone on the email list. If you aren't on it and want on, just
yell. Also I'm trying a new way of saving the charts without lowering my
screen resolution. Let me know if the charts are too large.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Jim</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Nov 15 14:21:22 1997
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Date: Sat, 15 Nov 1997 16:05:34 -0600
To: "Steven Buss" <sbuss@xxxxxxxxxxx>,
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From: Lionel Issen <lissen@xxxxxxxxxx>
Subject: Re: Fw: Pouring liquidity ...
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Status: O
Who is the master blaster?
Where is his web site?
Lione;
At 12:05 PM 11/15/97 -0000, Steven Buss wrote:
>Interesting message from Oliver. Worth a read...Don't know what to think.
>
>The Master Blaster certainly sent an email out before the markets opened
>about what he/she "killer reversals" of the bear trend.
>
>
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