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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 684.83

+0.6%

Dec 22 4:00 PM EST

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To: Clint E. who wrote (18753)	12/9/1998 12:29:00 PM
From: Suresh	Read Replies (2) of 69189

Hi Clint, I can't believe the way banks are being played... problem maybe more than overseas condition. Even WFC is not holding with zero international exposure. To top it off, citicorp had two upgrades with zero effect. WFC.. after their analyst meeting on friday has been reiterated buy from MER with -ve effect on the stock. I guess all money managers are busy rotating their holding from others to semi land. MSPG is interesting... it goes up on secondary offering. I did short it earlier in the morning but will cover if it shows any signs of gathering strength. Later, Suresh

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