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To: otter who wrote (56828)12/13/1999 9:29:00 PM
From: BigBull  Respond to of 95453
 
WereWolves of OSX will own 1st 6 months of 2000

AAAAAAAAAAA OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

I'm gettin me some FLC chow mein.

Bloomberg Energy
Mon, 13 Dec 1999, 9:24pm EST

12/13 20:02 South Korea's Industrial Electricity Use Rises to Record in November
By Judy Lee
Korea Industrial Electricity Use Rises to Record in November

Seoul, Dec. 14 (Bloomberg) -- Korea's industrial electricity
use rose to a record in November, as manufacturers boosted output
to gear up for a faster-than-expected economic expansion.

Manufacturers' electricity use totaled 11,199 gigawatts per
hour last month, topping the previous high of 11,074 gigawatts
per hour set in October, said Lee Dong Wook, a spokesman for
Korea Electricity Power Corp., the nation's monopoly electricity
distributor.
``The nation's total electricity use already exceeded the
pre-crisis level,' said Lee. ``Also, the increase has picked up
speed since June.'

The figures are the latest sign that the economy, which slid
into its worst recession last year, is powering ahead and on
track for its best year in a decade. Korea's government expects
growth of nearly 10 percent this year.

The surging consumption will help bolster earnings at
Korea Electric Power, known as Kepco, which now expects about 1.2
trillion won ($1 billion) of net profit this year, compared with
787 billion won last year.

Kepco said its revenue from electricity sales totaled
13.9 trillion won, or 195,080 gigawatts per hour, in the first 11
months of this year, up 9 percent from a year ago in terms of
value.

In November alone, the total electricity use rose to 18,545
gigawatts per hour, from 18,410 gigawatts per hour in October
and 16,462 gigawatts per hour a year ago.

Many of the nation's big industrial groups are investing
more money in plants and increasing inventories in anticipation
demand will expand. Korea's industrial output rose 1.7 percent in
October from September and 30.6 percent from a year earlier.


--------------------------------------------------------------------------------

¸ Copyright 1999, Bloomberg L.P. All Rights Reserved.



To: otter who wrote (56828)12/14/1999 4:59:00 AM
From: Ditchdigger  Read Replies (2) | Respond to of 95453
 
Hello otter,personally I'm not looking for any huge bounce from FLC.I do believe the downside is fairly limited(let's hope),and there is opportunity for some profit. On the other hand,I think the techs are getting "airish"(as in thin),so my thinking was to take an initial position here,with the rest in cash. Have been in JAGTX for most the year, with fantastic results,but watching the top 10 holdings-I'm seeing weakness in the highfliers(although large cap techs did OK yesterday),regardless of recent success with EXDS,I'm stepping off the train for a bit(pun intended<g>)..Good luck..
here are the top 10 of JAGTX yesterday results-you can see what I mean,even with the Nas up(SAPE was strong though)
AMAT Dec 13 108 1/16 -1 3/8 -1.26% 4,193,600
CSCO Dec 13 101 3/16 +1 3/8 +1.38% 18,419,100
EXDS Dec 13 167 11/16 - 5/16 -0.19% 3,072,400
JDSU Dec 13 234 1/16 -10 3/16 -4.17% 3,835,600
NOK Dec 13 167 1/16 - 15/16 -0.56% 3,088,900
SAPE Dec 13 106 19/32 +15 9/32 +16.74% 944,700
SUNW Dec 13 80 7/16 -1 7/16 -1.76% 14,918,600
TER Dec 13 46 1/4 -1 1/2 -3.14% 1,256,100
TXN Dec 13 106 1/16 - 13/16 -0.76% 2,782,600
VRTS Dec 13 107 9/16 -1 1/2 -1.38% 2,364,400
(although the fund was only down .39%)
Throw in a boatload of Gov. data coming out this week-who knows...
I'm watching the 30 bond and options BP,and hoping for some damn snow!!,Ski country is still green in Vt......later...