Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (18078)	5/7/1998 8:47:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

Another down day..and I would not go the long side or grab dips untill we get around the 1060 on the S&P..or the HFX changes course and breaks her down trend. WE are still at a pivot point and while she could go up..it's not the most likely direction. Liquidity has been damaged ( funds window dressing their Navs ) graping the fast runners at the expence of the Big Blues instead of cash inflows..also playing the merger mania game..and reducing holdings in the more liquid stocks to get the money to get in on the next deal..( it's not exactly the same but has a simular effect as going on margins do )..this has more recently caught my eye and causes me more concern than I had not long ago. --------------- I'm mostly cash right now, again. Jim

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