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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: johnsto1 who wrote (54350)	6/16/2000 1:56:00 AM
From: American Spirit	Read Replies (5) of 99985

Naz not in trouble. Just a lousy news week. But the tech revolution is still galloping foward. A little market malaise is going to stop it? There's a lot of re-positioning going on for the next leg of wireless. Everything from huge mergers to cable roll-out - satellite launching - Palm type devices and internet telephony - cables being laid out under oceans - faster and more intelligent chips being built etc. etc. It's just hard to see the level of progress when you're in the middle of it. The market is in a bad mood now. SEC crackdown on amfia shop. QCOM and Globalstar getting criticized. Internet dot.coms being in financial trouble. MSFT trial. etc. But the computer net revolution is booming. So I buy what I consider undervalued stocks like IBM, COMS, QCOM (at 61), GTE, CPQ, AAPL, UIS, LU and T. I also buy LOR which has been a loser for me so far but watch out. Down to book value. Try to catch it at the bottom and sock it away. CPQ has been weak lately for instance but someone just bought a one billion share block today. Maybe the Saudi Prince again. Remember when AAPL was at 20? Same thing happened. Any of the above stocks could double in a year IMHO. Though 20% is fine with me for now. ggg QCOm got hit by a short gang today led by TheStreet.COm. They are all shorts over there and are obvious about it. Three negative articles on QCOM in one day. That's almost spamming. QCOM will come right back once they cover. So what's going to pick the market up? Just another week. A better news week.

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