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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Homer Pigeon who wrote (791)3/22/1999 5:40:00 PM
From: Uncle Frank  Read Replies (1) of 54805
 
Monday: G&K INDEX DOWN .25%; CLOSES AT 112.28

Dell (-5.9%) led the retreat, and 13 of the 19 G&K Index components followed. The internet sector's "A" team withstood the pressure, with aol up 10 3/4 (+9%) and athm up 6 3/16 (+4.6%) for the day. Aol and athm lead the pack ytd as well, up 74.4% and 77.2% respectively.

It seems like there are hard times ahead for the boxmakers. It's widely rumored that cpq will warn, though they seem to have inpenetratable support at 30, and both ibm and dell have picked up downgrades in recent days.

Intc got thrashed today (-3 7/8), but I'm still looking for a reason. Hopefully, rumors of msft's negotiations with the doj and their split on Friday will lead the tech sector out of today's doldrums.

Frank
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