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<DIV><FONT color=#000000 size=2>All,</FONT></DIV>
<DIV><FONT color=#000000 size=2> A very volatile week
that was hard on the nerves, but when all was said and done my portfolio was up
a little. I guess any week you make a gain is a good week, even if you do
get stopped out of one of your positions (see below). I am getting more
nervous about this market and keep looking at the indices for a reason to pull
back, but I don't see any problems except for the DJI. The DJI does look
like it may be trying to break through the bottom of its Short Term Up Trend
Channel (STUTC) and that may be an early warning. If it does break it
could be time for another market correction or a rotation from the large caps to
the mid and small caps. I think we will be safe through the end of the
year, but I'll be watching closely every day. I don't want to give all
these good profits back <G>.</FONT></DIV>
<DIV><FONT color=#000000 size=2> With the DJI looking
vulnerable, I'm going to continue adding positions for now, but will avoid the
large cap market leaders for a while. This week's pick is a small cap
momentum play that turned up on the scans I ran this week. It is Rowe
Furniture Corporation (ROW). This will be a diversification into the
furniture industry which I haven't traded for a long time. The story here
is that the new and resale housing market has been exceptionally strong for
several months and should continue with interest rates still dropping.
Whenever, the housing market booms, the furniture market soon follows. ROW
designs and produces upholstered furniture such as sofas, sleeper sofas, love
seats, and chairs. It also produces furniture accessories such as
tables, lighting, and art. Its products are available in 500 different
fabrics in traditional, contemporary, and country styles. It markets
through more than 1000 furniture retailers and 100 Rowe ShowPlace
locations.</FONT></DIV>
<DIV><FONT color=#000000 size=2> ROW at 11 1/2
closed at a 52 week high Friday. It is in a standard deviation STUTC with
the top (deviation set at 2) at 13.9 and the bottom (deviation set at 1) at 10
1/8. It set an all time high of 12.8s way back in 1994. From there
it fell to a low of 3 7/8 in Jan96. After that it started a long term rise
breaking out of its down trend channel in late 96. It peaked in early 97
and then fell back to the bottom of its up trend channel in late 97. After
that it rose to a new 52 week high in early 98 and then fell back to the bottom
of its up trend channel again in Oct98. From there it started a strong up
move on good momentum to form the current STUTC. The fundamentals are
great with a price/sales of 0.79, PE of 14.2, Debt/Equity of 0.12, sales growing
at 35% annually, and income growing at 150% annually. I'll open a position
sometime Monday Morning. Since this is a small cap stock, I don't think a
market order at the open is a good idea. I'll wait until about 30 minutes
after the open and see if a market or limit order then makes sense. I
don't want to chase a stock like this, there is always another time or another
stock. I won't set a target since the STUTC isn't very wide and this is a
momentum play in new 52 week high territory and close to its all time
high. I will set the stop at 9 3/4 just under the bottom of the
STUTC.</FONT></DIV>
<DIV><FONT color=#000000 size=2> I'll send a ROW.GIF
chart to everyone on the chart email list. If you aren't on the list and
want on, just yell.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>JimG</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Dec 13 01:36:44 1998
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Date: Sat, 12 Dec 1998 16:16:29 -0600
To: metastock@xxxxxxxxxxxxx
From: Tom Strickland <tstrickland@xxxxxxxxxxxxx>
Subject: Re: good computers
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Ken,
One of the problems with MetaStock V.6.5 is indeed the Chart Tips problem.
That really bugs me because I used it a lot to get specific price and
indicator values. The other problem is that I often get a Network Log-on
Failed message in the Downloader when I use the Express Download function.
I have also had the problem on occasion with the regular Download function.
I talked to Equis Support about this, and after some discussion, they said
it was probably a Windows 98 compatibility problem. In any event, the
problem still occurs, but if I screw around with the program enough, I can
get it to download. On occasion, I have to close the Downloader and restart
it.
In spite of my complaints about these problems, I'd like to second or third
the remarks (by Steve Kernish?) that Equis' service is far better that
Omega's. Several years ago I bought a copy of Omega Supercharts to compare
it with MetaStock. The two programs were similar in capability at that
time. However, Omega didn't have ANY real support. I had problems and I
would call their technical support number and leave a message, but nobody
would call back. I got so frustrated that I wrote the president of Omega,
but I didn't get a reply.
On the other hand, I had a real bear of a problem with the modem on my old
Gateway 386. One of the Equis managers worked with me for several days by
telephone and he even sent me his personal modem to test out. I wound up
buying his modem from him, and I got the problem fixed. That made a
believer out of me. Supercharts isn't loaded on my new computer.
While I'm wound up, I'd like to comment on Gateway computers. As I
indicated, I owned an old Gateway and was pleased with it. Then I switched
to a 133 MHz Pentium notebook (Texas Instruments) a couple of years ago.
Last summer it crashed big time and I was without a computer. I called
Gateway and ordered a 350 MHz with all the bells and whistles. I told them
that I was in a hurry and they gave me a delivery date about two weeks
hence. On the day it should have been delivered I recevied a postcard from
them with a form message saying the delivery had been delayed for several
weeks and that if this was unsatifsactory to me, to please sign and return
the card. That impersonal, don't-give-a-damn message really wound my spring.
I signed their card and immediately called Dell. I kept in touch with the
Dell people and they kept me fully informed as to the status of my order. I
had a new Dell in about 10 days. It's a 400 MHz, fully loaded, and it cost
$100 less than the Gateway.
I may just have had a bad experience, but for $2600 I expected better than
an impersonal postcard.
I don't use MSPro, so I can't help you there.
Hope you find something of value in the above comments.
Tom
At 10:27 PM 12/11/98 -0500, you wrote:
>
>Tom Strickland wrote:
>
>> I too am happy with my Dell. The only problem I have with MetaStock V. 6.5
>> is that it is not completely compatible with Windows 98. That's not a Dell
>> problem, it's an Equis problem.
>>
>> Tom
>>
>
>Tom,
>
>Thanks for the comment on Dell.
>Can you elaborate a little on the compatibility issue? I do remember that
>there were some complaints, but the only one that sticks in my head had
>something to do with chart tips. I know that the chart tips work
perfectly in
>MSPro 6.52 / Win95. What are the top couple things that absolutely bug you?
>
>There is supposed to be a patch to upgrade 6.5 to 6.52 that's supposed to
>fix the Win98 related problems. I'm guessing that it hasn't come out yet. I
>wonder if the compatibility problems currently apply to MSPro 6.52.
>
>Thanks,
>Ken
>mailto:divenfish@xxxxxxxxxxxxx
>
>
>
>
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