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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: theRedDog who wrote (33271)	11/12/1999 8:41:00 AM
From: theRedDog	Read Replies (1) \| Respond to of 99985

from briefing.com: >>>>>>>>> Let's see... Merrill raised its CY00 growth forecast for the semiconductor industry by 3% to 21.5%; two tech titans - Cisco (CSCO) and Dell (DELL) delivered very strong quarters despite anxieties going into their earnings reports... Another, Applied Materials (AMAT) will do so next week; analysts and money managers are buzzing about the bullish presentations made earlier this week at the AEA Tech Conference - especially in the B2B, wireless, fiber optic and Net backbone arenas; e-commerce companies are ramping up for a very strong holiday season; the Nasdaq has just set its 9th record high in the last 10 sessions; volume is brisk; rates are trending lower (within a range); and seasonals are favorable... Aside from these developments, no real reason to get excited about techs. Seriously, just as the tone had become very negative a few weeks back, we are now looking at an extremely optimistic marketplace... With the Fed now more likely to keep policy on hold next week than to tighten, there is no reason to bet against the sector over the short-term... Could the sector experience a two or three day correction some time soon? Sure, especially considering how fast and how far techs have rallied... But look for investors to use any such dip as a buying opportunity, as the sector's momentum and underlying fundamentals (particularly now that rates are back below 6.25%) are just too strong to ignore. ..................................................... Robert Walberg <<<<<<<<<<

To: theRedDog who wrote (33271)	11/12/1999 9:15:00 AM
From: Robert Rose	Respond to of 99985

OT: Gorillas <I agree that MANU was a blunder. (That sector doesn't lend itself to gorillas, I guess...)> Actually, in the manufacturing supply chain space, manu's competitor itwo seems to be winning. Moore includes i2 in the book, but given his consulting relationship with manu, mentions the latter too prominently imo. <SAP was mentioned here and there> SAP has been considered the gorilla of the corporate enterprise software space, but as this arena is web-enabled, b2b companies like arba and cmrc are emerging as gorilla contenders. <LU was seldom mentioned and (I think) could be a gorilla.> lu has battled with nt for gorilla status in the telecom space. Now that telecom and data comm are merging, lu and csco are waging gorilla war on this turf. Regards, Rob

To: theRedDog who wrote (33271)	11/15/1999 1:07:00 AM
From: theRedDog	Read Replies (1) \| Respond to of 99985

From briefing.com: >>>>>>>>>> Despite an overbought technical tone, Briefing.com expects the tech sector to continue its powerful rally for the following reasons: Fed will decided to keep policy on hold at this week's FOMC meeting... Long-term rates likely to dip below 6.0%. E-tailing stocks, which began to come to life late last week, will extend gains in anticipation of a big holiday season... While expectations for Net shopping this holiday are much higher than they were at this time last, marketplace has consistently underestimated e-tailing numbers... Potential for even modest positive surprises will underpin these market laggards. Net sector to get big boost from several conferences (highlighted below). Chip Equipment industry to benefit from earnings news... Briefing.com expecting good results and positive outlooks from Applied Materials (AMAT 109), Brooks Automation (BRKS 26), Etec Systems (ETEC 45 3/4), Kulicke & Soffa (KLIC 37) and PRI Automation (PRIA 49 3/8). Money continues to pour back into stocks, with techs the investment of choice... Due to strong seasonals no reason to expect funds to dry up. IPO market remains red hot... For a list of this week's offerings, see our IPO Calendar. M&A activity also drawing money to the sector... Speaking of which, Corning (GLW 90 3/8) announced Sunday that it was paying $1.8 bln to acquire Oak Industries (OAK 49 3/4)... Oak Industries shareholders will receive 0.83 share of Corning stock for each Oak share held... While Briefing.com contends that the parts-maker is a nice long-term fit for GLW, the 51% premium to Friday's closing price seems a bit rich to us... Even so, GLW noted that they expect deal to be accretive in FY00. Admittedly, at current prices much of the good news is priced in... However, we don't see anything on this week's agenda that is likely to derail the sector's impressive momentum... Consequently, stay the course and stay long. <<<<<<<<<<<