Hi Brian. Thanks for the note. You asked strictly technical. In that regard,
I think it looks promising. The attractive thing about it is the ability to
define risk. The recent low is $6.45 or so. And the stock is in a volatility
squeeze now, with an upside bias.

So if you like this company fundamentallyl, I'd keep a stop just below $6.45.

Do I believe real estate will bottom on June 30th? LOL -- no. I respect my own
credibility and integrity too much to go down that road. The bottom line is
that real estate is still on "final approach" in a perpetual "touch and go"
cycle. But there is no indication of a bottom...only that the aircraft (i.e.,
the real estate market) is starting its pre-landing flare and reducing the rate
of descent. But we have not touched down (i.e., bottomed) yet, so there is no
way of knowing when we do touch down...nor how long the runway is. (And if it's
Palomar in Carlsbad, there is a cliff at the end of that runway).

Short term, the market likes real estate. But that's largely because we're
printing money. But longer term? :-)

Not Dan, but international trade flows and exports are off significantly. That
is one stock that is very cyclical, I think its too early.