Richard Ney and the Wall Street Gang Message Board

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Pastimes : Richard Ney and the Wall Street Gang

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To: BenYeung who wrote (361)	7/27/1998 6:43:00 PM
From: Robert Li	Read Replies (1) of 492

Ben, I've been following SI for quite a while and have been an on and off subscriber to Ney's newsletter for the last 4 years, although his timing isn't the greatest, he's pretty good at looking at the market overall trends. From the latest update, he is still looking for a correction that takes the dow to the 8200-8300 level. I agree looks like some unloading going on this afternoon, probably following through tomorrow morning. I really think Japan will be the excuse this fall for a major drop in the markets like Asia in general was last fall. Currently I'm still 100% long though I am short a few semi stocks (AMAT, TXN) since I believe this latest rally in the semis was a sucker rally and Asia will be an excuse to drop them to their lows, although I'm a bit weary since this sector has been hammered quite a bit already. Do you have an opinion on this sector? Always could use more help. Enjoy everybody's posts on this thread! Rob

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