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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (75900)	12/18/1999 9:02:00 PM
From: manny t	Read Replies (1) \| Respond to of 120523

ESHR, I am surprised nobody mentioned this stock.I found this stock while following Tom Hua who is usually SHORT stocks. I bought early for my account,but just bought for my sister's account at 15 15/16.It shot up on Thursday on news that it received a contract from AOL.The following is a post from Tom Hua on ESHR,when the stock was trading at 10.As always,please do your own DD. www3.techstocks.com Manny T.

To: HairBall who wrote (75900)	12/18/1999 9:08:00 PM
From: j g cordes	Read Replies (2) \| Respond to of 120523

Hi LG.. before I go to your good charts (I've seen some in the past), let me make a few comments. First comment is on money supply. The Fed has been adding liquidity to the system for some time. While some see the absolute numbers on a time scale as being a bit frightening, one must also consider that the dollar has emerged from the cold war era as the world currency. A good portion of the currency has gone into supporting world banking, commerce, and other exchange needs. We've had crisis after crisis... a quick list with the last being important. 1. Berlin wall USSR disolution 2. Iraq war 3. Asian contagian 4. Russian markets crisis 5. Latin American crisis 6. Y2K liquidity to banks The Fed IMO, will start drawing down some of the liquidity after Y2K period of adjustment. Much of the capital flows needed to lift our markets to such high numbers has come from this liquidity pumped out into the world and "safe havened" back to US capital markets. Its been going on so long that many really believe average PE's should be around 30, with many stocks having PE's over 100. When Greenspan hints about a high market he's saying inflation.. inflation not in commodities or wages, but in market valuations of stocks. After Y2K he'll be free to draw down the fuel of stock inflation.. The process has to be invisible, he certainly wouldn't want to prick the stock bubble to cause a severe monetary crisis resulting in increased unemployment.. a tightrope of keeping the industrial/service/technology driven machinery humming while pulling inflation out of the system. As dollars become a little more precious, ipo's won't be so dramatic. Already, we're seeing a focused market where the advance/decline line isn't supporting new index highs. But I'm not toooo worried (knock on wood). The market is always searching for appreciation. If high flyers begin to get a bad rap, money will entrench to value spreads and perhaps even to small caps. Jim

To: HairBall who wrote (75900)	12/19/1999 5:02:00 AM
From: lee kramer	Respond to of 120523

LG: Good post, with much to look at and think about. One comment; I spent a couple of days in '74 with the late John Magee, co-author of "Technical Analysis of Stock Trends." He showed, and gave me a bunch of what he called "Tekniplat" chart paper. It was semi-log. His belief being that a stock that moved from say 20 to 40 should exhibit the same "move" as a stock that moved from 40 to 80. I've used "log" charts ever since. And, as I've mentioned before on the Gems site, John boarded up a couple of windows in his Springfield, Mass. office to symbolically shut himself off from all the Wall St. "noise." I think John would be aghast at the amount and volume of the "noise" emanating from Wall St. Today. John was a fine gentleman and a thoughtful and pioneering technician. I recommend that every trader/investor read his book(s). (Lee)