SAP A.G. Message Board - Msg: 5663743

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Technology Stocks : SAP A.G.

SAP 251.75

-0.1%

Nov 10 3:59 PM EST

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To: Jay8088 who wrote (2449)	9/3/1998 1:07:00 PM
From: Hot Diggoty	Read Replies (1) of 3424

Jay <DAX is in a precarious technical condition> it is not that much different from the Dow - technically. I note that the German Banks have heavy Russian holdings that are precarious (> 3 billion marks). However, I believe that these loans are 90% guaranteed by the German government. With SAP having little of no Russian exposure would there not be a flight to DAX stocks like SAP, or is everyone going to abandon ship and jump into bonds or treasuries? I realize that we are mixing technicals with fundamentals but I am exposed to Elliott Wave true believers and they have been foretelling gloom for years. Currently, they are more shrill than CNBC Hardball announcers! Keep plugging, Hot Diggoty

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