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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (21413)	6/8/1999 2:42:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 42787

I asked a question you already answered... B*

To: dennis michael patterson who wrote (21413)	6/8/1999 6:56:00 PM
From: Electric	Read Replies (2) \| Respond to of 42787

dennis, Sorry about the comparison to MU on your stock. I just saw that it was in the same category. It being in the tele area makes me less likely to bash on it, or be as worried. I just cant trust a few names in the DRAM sector. I remember when Lee and I were talking about shorting MU back when it was 70-80.. I am sure we will get that chance again. RMBS sure had a great day. As for AOL, dennis it is easy to see.. Fundies are getting out of it and have been for some time. In fact a few funds that I watch I have been noticing how they are being less volitile when the internets are down, thus a lightening in the sector. I suspect that many growth funds that were dipping their toes in the nets are backing off, with AOL being one of the top holdings being dropped. I am not saying there wont be up days, but like today when the NAZ was up 40, AOL was down/flat. And this has been happening for the last few weeks. Expect more of the same, any time that a stock that has anchors to the S&P gets a PE that high, it cant last too long. I would not be at all shocked to see AOL at or below 75. Even at 75, the PE is huge. I expect that tomorrow will be flat to down, (probability 65-75%) since the bond is near 6% and traders are vacationing. It is good to have gurus as a guide, but my bet is a choppy market, with very limited likelihood of any extended rally. I dont see us being up strong any time soon for more than a day or two at a time. Finally I am looking at the mid to lower tier internets that are really low, like IVIL, CTIX, ONSL, COOL and others. Very tempting to dip in for a big return if the group bounces.. Take care, and be careful entering AOL anytime soon...