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Happy New Year's to Hewitt and all IETCers.

Great summary of your highlights and lessons, Hewitt.

A quick comment on Boston Communications Group.

Caution: technical (voodoo?) analysis ahead.

Looking at the chart (see link below), I would have stayed away, absent clear and convincing evidence of improving fundamentals, as it was in a l-t downtrend.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bcgi&sid=0&o_symb=bcgi&freq=2&time=11

Note the stock's downward sloping channel (partly) defined by a low around 8 in Dec. 2003 and then successive lower lows in Jan., March, and May of 2005.
Lest anyone think TA is voodoo, I would point out that Andrew W. Lo,
co-author of _A Non-Random Walk Down Wall Street_ believes in it, and he runs a successful hedge fund on the side.

For a quick and dirty (and quite useful) summary, see this book:

http://www.amazon.com/gp/product/1932974008/qid=1136144494/sr=8-1/ref=pd_bbs_1/103-3793432-4959020?n=507846&s=books&v=glance

You can read it in an hour (if that), and who knows, it might save you a lot more money than its $12 price.

May your longs go up and your shorts go down in '06.

And thanks for pushing up your pushup number. I'm matching.

VS



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