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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (70992)	11/8/1999 8:54:00 PM
From: Samuel Wayne Turner	Respond to of 90042

Yes, but the only way I could see Nortel taking cs is as a spoiler play to prevent it from being used against it. I could very easily see Nortel announcing that it has purchased Spectrum from cs for some mega bucks but I would be surprised to learn that cs would sell the unit outright instead of a spinoff.

To: Tim Luke who wrote (70992)	11/8/1999 9:27:00 PM
From: R.E.B.	Respond to of 90042

Tim, I did some checking on bloomberg. The non-block money flow was actually negative; which represents selling (profit taking) by small investors. The BLOCK money flow was very positive, in fact, it was so strong that it more than made up for the non-block negative money flow. What does this mean? While some individual investors are taking profits as CS has run in the past week, institutional buying is so strong that it dwarfs the non-block negative MF. Also, CS has moved over the neutral line headed into the overbought area. Not to say that they buying won't continue, it will, but there will be pull-backs along the way. Finally, stocastics indicates that a "buy" signal was generated in May when CS crossed the 40 day moving average. The buy signal continues today.