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Strategies & Market Trends : Three Amigos Stock Thread

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To: LTK007 who wrote (8421)9/6/1998 11:56:00 PM
From: Sergio H  Read Replies (1) of 29382
 
Max, thanks for the Barron's article. Did you notice that it mentioned the falling prices on natural resources? The fundamentals changed before the article was printed. Natural resource stocks in oil, energy, diamond, gold and other sectors were up strongly on Fri. Two weeks ago we could have discussed the strength of the US dollar and its effect on global markets and the US market. Now we can discuss the weakness in the US dollar. We've been experiencing a test at every market level. This test will soon come to an end and market trend will be established.

The retail sector looks interesting as you noted, but not straight across the board. Select stocks on a respective and individual basis in this sector.

Look at the vol. late Fri. when price went up in the stocks that you mentioned in the retail sector. No real change in vol. Look at DELL and IBM for the last hour of trading on Fri. Check out the price and vol. increases. Do you see any difference?

Sergio
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