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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: John Harton who wrote (6348)	7/20/1999 11:37:00 PM
From: Berney	Read Replies (1) \| Respond to of 11051

JH, Re: A Lack of Enthusiasm Hardly! I expressed great expectations (a book, I think) that you are going to make a bundle on your IBM poots. <g> I expressed great enthusiasm for captain Jim's USPIX concept. <ng> Finally, I expressed great enthusiasm for the concept of cash. Did have a lack of enthusiasm for the courage of my convictions, but, as an accountant, I've just been trained to look out the rear view window. This next step of anticipating what comes next is a little different. Both SPX and OEX hit the 38% Fib retracenent targets today, but boy do the charts look fugly. This is when we need JT badly! Come back JT -- I miss you! I still have the GTC buy orders in on F. Might get filled in the morning. Now I'm questioning if I want them. I decided I do. Looks also like MG might get another shot at T. He gets to face the same decision. I'll let MG respond to the WEBS issues. I profess ignorance. As a proud daddy -- my youngest son's college professor found out today that he is going into his junior year of high school. At the 2/3's mark of the semester, he has a 97 average. Going to fun to watch this unfold! TB

To: John Harton who wrote (6348)	7/21/1999 10:56:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

John:" WEBS " here's our lil' WEBS YTD reference, John... techstocks.com >1) WEBS trade as unit investment trusts- thus they can trade at a premium or discount to the underlying basket of equities depending on supply and demand for the WEB... ...yeah, kinda like closed-end funds, like BZF AF CH or FAK KF or TRF, which aren't WEBS mais, la meme chose. Recommend that you request the WEBS literature pack from the NASDAQ/AMEX site; kinda fun to get the lit on SPY and QQQubes too (^_^) >2) WEBS potential value is affected by the home country currency- ie they are not hedged. Thus if WEBS Japan's underlying equity value increases by 10% and the Yen appreciates 10% to the dollar, then you have a potential 20% gain(since we are scoring in dollars)... yes, John, very much so; WEBS are USD $ translations, and can be useful or, infuriating for that reason. some of my experiences that may be useful to you... (1) Track and chart the country's main stock index (in their currency) as well as the WEB; eg., on MyYahoo track ^GDAX next to EWG or ^N225 next to EWJ. This not only reveals the effects of USD - but also the overseas bourse's charts are often easier to work with from a technical standpoint, than the WEBS' charts. (2) Be aware of what the bellwethers are in each country, John. For example, EWD - Sweden is gonna be moved by ERICY and VOLVY. Their charts are useful, too. You can find many of the NYSE traded ADR's from the NYSE site, and other sites list ADR's too. (3) WEBS often have big distributions, John. They'll drop the WEBS' price considerably, affecting your charts' magic lines, your tax considerations, and so forth. SO I recommend that you note all these ex-Div & payout events on your WEBS charts, and consider their tax implications, too. (4) Find the big Telephone Company ADR for each WEB country, John. Make certain that you track/chart that telco. Here's some of them... EWG = DT EWQ = FTE EWI = TI EWP = TEF EWN = KPN EWD = ERICY EWL = SCM EWU = BTY EWC = BCE EWJ = NTT EWW = TMX ...in my experience, John, the telcos often out-perform the WEBS in bullish markets (it's the most visible stock for foreign investors), and they don't go down as much in bearish markets (locals will "flight to quality" to their telco when their market goes down). For this reason, I now invest in country telcos rather than WEBS, fwiw. The other advantage is that most international telco ADRs have options available to us, John. -Steve