legg mason withdraws, page-9

Hi All

I think the fact that Legg Mason is out is a major positive for the stock. I think the "capping" that has taken place in recent weeks leading up to final allocation will dwindle away and then pave the way for a continuation in the existing up trend.

Speaking of trends, the trend is up all medium to longer term moving averages from 35 to 60 days are trending nicely and smoothly.

I think patience will reward not so much the day trader, but the patient trend follower. As Jesse Livermore, the greatest speculator of our time said in 1922: "I learnt that the money is made not from the buying or selling, but in the waiting. Its the big swings that make the big profits"

Still true to this day.

Babylon