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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (932)	8/8/1999 9:57:00 PM
From: majormember	Respond to of 1316

>>>KNT has some overhead resistance in the 17.50 area [KNT] Jim, I'm talking resistance eliminator takeover at $28-32... ie: MI, FORE, XYLN :-)) Skane P.S. watch TIE, CYLK, TMAR (from TA) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Caution on STMP... released after long pick: media.internetbroadcast.com last week of Cooper picks, enjoy! Hit and Run Daytraders Nightly Report BIG CAP Monday, 09 August 1999 Market Gleamings: ADBE still looks interesting. GAP RULE: Any buy recommendation that opens 3/4 point above the stated entry price and any sell recommendation that opens 3/4 point below the stated entry price should be ignored for the day. Reminder…A signal is not valid unless it trades at or above the entry price for buys and at or below the entry price for short sales. Symbol STMP-- Buy Signal(s) Expansion Pivot Entry 36 7/8 Protective Stop 35 7/8 Symbol CMTN-- Buy Signal(s) V-Thrust Entry 99 1/8 Protective Stop 98 1/8 Symbol SANM—Sell Short Signal(s) 180 HG2 Entry 67 5/8 Protective Stop 68 5/8 Symbol GILD--Buy Signal(s) HG2 Entry 72 1/4 Protective Stop 71 1/4 Symbol MWD— Sell Short Signal(s) 180 Expansion Breakdown Entry 81 5/8 Protective Stop 82 5/8 ******************** Hit and Run Daytraders Nightly Report Small CAP Monday, 09 August 1999 --None Today-- NFS MGA HIFN CHD NFS MGA 2-3 Market Gleaming: ZOMX still looks interesting. Symbol MLNM-- Buy Signal(s) V-Thrust Entry 59 7/8 Protective Stop 58 7/8 Symbol DNA-- Buy Signal(s) 1-2-3-4 180 Entry 147 1/8 Protective Stop 146 1/8 Symbol ETW—Buy Signal(s) Boomer Entry 48 3/4 Protective Stop 47 3/4 Symbol LVCI—Sell Short Signal(s) 180 Entry 53 7/8 Protective Stop 54 7/8 Symbol EXTR—Sell Short Signal(s) 180 Entry 49 1/8 Protective Stop 50 1/8

To: James Strauss who wrote (932)	8/8/1999 10:06:00 PM
From: Ken W	Read Replies (1) \| Respond to of 1316

James, A little about what I'm talking about: NEW YORK, Aug 8 (Reuters) - After years in Wall Street's doghouse, cash, if not quite king, is in hot demand. With U.S. financial markets jolted in recent weeks by the prospect of higher interest rates and bracing for a second monetary tightening by the Federal Reserve, it is hardly surprising that some Wall Street strategists are raising cash. What is more troubling to some analysts are developments on a different cash front. A confluence of factors, ranging from margin calls on Internet stock laden day-trader accounts to a shift in fund flows out of the United States and into other markets, may already be stealing the ready pool of funds that in the past has supported stocks on every market dip. While daily figures on international capital flows are unavailable, one key barometer of international sentiment, the U.S. dollar, has weakened considerably in recent weeks, said Hugh Johnson, chief investment officer at First Albany Corp. ``Based on the performance of the dollar and the performance of our financial markets, it's safe to assume we're seeing some kinds of outflows from both our bond market and our stock market,' he said. If the outflows represent a meaningful shift in sentiment by international investors toward the United States, that could quickly translate into lower stock prices. ``One of the strong tailwinds for U.S. markets has been the inflows of funds from overseas,' Bill Meehan, chief market analyst at Cantor Fitzgerald, said. ``Not only would that abating have a detrimental effect, reversals could be devastating.' The market's retreat over the past few weeks comes at a seasonally quiet time for investors. Second-quarter earnings reports are nearly all in and Dow component Wal-Mart Stores Inc. (NYSE:WMT - news) will report results on Tuesday. On the economic front, the calendar is also light, with Friday's Producer Price Index the highlight. Economists polled by Reuters expect a 0.3 percent rise in wholesale prices and just 0.1 percent when food and energy prices are excluded. Indeed, with respect to both earnings and economy, the news has tended to surprise on the bright side, with growth stronger than expected and inflation still at bay. In some ways, the change in view on the U.S. market, at least from an international point of view, has much to do with the fact that some global laggards -- most notably Japan -- appear on the brink of growth spurts after prolonged slumps. No one can say for certain whether recovery is at hand in Japan, but markets rarely wait for certainties and with U.S. stocks priced richly, the reward scenario offered elsewhere is attracting players. If U.S. stocks enjoy lofty valuations, no group populates the stratosphere like the Internets, even after their precipitous declines over the last couple of months. The losses in the speculative group are why Wall Street's margin debt tab is again raising concerns. New York Stock Exchange member firms' customer margin accounts, which allow investors to borrow against a portion of their portfolios to purchase additional stocks, surpassed $170 billion in April, reaching $178 billion in May before edging back by about $1 billion in June. That represents a 25 percent increase versus December, 1998, growth that outpaced the 19 percent gains in the Dow Jones industrial average, for example. The growth also came after many retail investment firms such as Charles Schwab Corp. (NYSE:SCH - news) were tightening margin rules, requiring investors to put up more cash for trades. With Internet stocks falling sharply -- America Online Inc. (NYSE:AOL - news) has tumbled 50 percent from its highs, eBay Inc. (Nasdaq:EBAY - news) nearly 65 percent and uBid Inc. (Nasdaq:UBID - news) a bone-jarring 90 percent -- firms may soon be calling on investors to pony up cash to maintain their margin account balances and liquidating positions for those who cannot. Ken