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

To: Benkea who wrote (45218)	4/6/2000 12:10:00 PM
From: John Madarasz	Read Replies (1) \| Respond to of 99985

Riyadh, Saudi Arabia, April 6 (Bloomberg) -- Prince Alwaleed Bin Talal, the billionaire Saudi investor, went on a $1 billion buying spree as Internet and computer company shares slumped, snapping up shares of America Online Inc. Compaq Computer Corp., Eastman Kodak Co. and Xerox Corp. ``The correction was one of those historic moments to seize,' Alwaleed said in a statement. ``We have been closely tracking the performance of some of these stocks for about two years awaiting the right target price.' Through a family trust, Alwaleed, 43, bought $400 million of AOL, the world's largest Internet service, bringing his stake to $1.05 billion. AOL is down 17 percent this year. He also added $400 million of shares in Compaq, the biggest maker of personal computers, down 15 percent since Jan. 24. He bought $100 million of stock each in Kodak, the world's biggest photography company, and Xerox, the world's No. 1 copier maker. Alwaleed said he made the purchases starting six months ago. ``When the stocks hit our target entry price, I would swiftly authorize buy orders,' he said. The Nasdaq Composite Index, seen as a benchmark for computer- related shares, is down 17 percent from its high reached last month. On Tuesday it fell as much as 13.6 percent before rebounding to be down just 1.8 percent for the day. Alwaleed's purchases are consistent with his investment strategy of buying beaten down shares of companies that have strong brand names and lead their industries. Kodak shares are down 10 percent this year and Xerox shares are down 53 percent in the past 12 months. Value Investor He said in an interview last August that U.S. stocks were too expensive and he would wait for a slump until he jumped in again. At the time, he valued his fortune at about $15 billion. That sum has grown, especially as shares of Citigroup Inc., his biggest holding, are up about 30 percent since then, adding more than $2 billion to his holdings. Alwaleed made the bulk of his fortune through Citi shares. In 1991 he invested $590 million in Citicorp, which needed cash after being battered by bad loans. Now the stake is worth $8.9 billion. Today, though, his main focus is on technology, and the latest purchases bring his portfolio of computer, media and telecommunications stocks to more than $7.3 billion, he said. The biggest individual shareholder of Citigroup also owns about $800 million of Apple Computer Inc., 1.7 billion of Rupert Murdoch's News Corp. and $700 million of Motorola Inc., the No. 2 maker of cellular phones, he said in today's statement. The nephew of Saudi Arabia's King Fahd, Alwaleed ranked No. 8 in a Forbes magazine list of the world's wealthiest people that was published in June. >>

To: Benkea who wrote (45218)	4/6/2000 1:26:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

brkb looks very nice, they were really given it to buffet at the bottom, aaay. During the selloff from last april, aol broke out of an H&S pattern into the july top and then rolled over and fell thru the baseline, but this time it is bouncing, a good sign. also yahoo is holding up pretty good here, as long as it holds 150 support, which is very strong gap support preceded by a big white high volume candle last fall after they were added to sNp it should do ok and build a right shoulder base with that hammer on tuesday being a head. nyse breadth is very good today, what we need is this to continue for several days and get the mcoscillator to go up to 250 and get the summation to take out the long downtrendline from 1997 to confirm my theory that we have seen and ABC bottom in march in the nyse a/d line from the 1998 top. brkb is also near it's downtrendline from the B top, if it takes it out i think you can rub it in to dennis a little, because i believe that value will outperform growth for a while. ssb