Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (35476)	5/23/2000 8:08:00 PM
From: tom pope	Read Replies (2) \| Respond to of 43080

Not a response to your query, Sue, just the observation that the most remarkable aspect of today's trading was that around 9:45 this morning the ND futures were at 3325. They closed at 3012. That's over 300 points, close enough to 10% for government work anyway. They're currently at 2295. 10% used to be the benchmark for a correction. Now we do it in one trading day. I'd say we were oversold, except that Prechter - the then reigning guru - said we were oversold the Friday before the October 1987 mess. There may be depths below depths.

To: Susan Saline who wrote (35476)	5/23/2000 8:58:00 PM
From: Jeff Jordan	Respond to of 43080

I used to own CMS...way back, anyway if you want dull why not buy some bonds? Tuesday May 23 6:21 PM ET Asia Global Crossing Joint Venture Seeks IPO By Jeremy Pelofsky WASHINGTON (Reuters) - Asia Global Crossing Ltd., a joint venture between Global Crossing Ltd. (NasdaqNM:GBLX - news), Microsoft Corp. (NasdaqNM:MSFT - news) and Softbank Corp.(9984.T), filed on Tuesday to go public in an initial stock sale of Class A common stock. The joint venture was formed in November 1999 to become the first pan-Asian telecommunications carrier to offer integrated Internet, data, voice and Web-hosting services to wholesale and business customers in the region, according to a preliminary prospectus filed with the Securities and Exchange Commission. Asia Global Crossing said it hoped to raise $100 million in the offering but that figure was only included in the filing to calculate the SEC registration fee and could be raised. The company did not reveal how many shares it plans to sell, the projected price range or the planned stock exchange on which it will seek a listing in the prospectus. However, those details are expected in future filings. Asia Global Crossing said it would use the proceeds, combined with funds from a concurrent debt offering, from the offering to build its network, make investments in Internet and telecommunications companies, repay debt and general corporate purposes. The Bermuda-based company posted $75.8 million in revenue and $14.3 million in net income during the first three months of this year, according to the prospectus. It is building an end-to-end network across Asia that will likely include subsea cables, backhaul connections to its landing sites, national networks, city fiber rings, telehouses and Web-hosting centers. It expects that the network will connect the major commercial and financial centers in Asia by the end of 2001 and will offer worldwide services across the Global Crossing network, according to the prospectus. Asia Global Crossing agreed to form two joint ventures with Singapore Technologies Telemedia on May 20 to build backhaul and telehouses in Singapore as well as to build and operate a data center in the country. Gary Winnick is co-chairman of Asia Global Crossing and is also the founder of the original Global Crossing and shares the position with Lodwrick Cook also of Global Crossing. John Legere serves as the chief executive officer and previously was the senior vice president of Dell Computer Corp. (NasdaqNM:DELL - news) and president of its operations in Europe, Africa, the Middle East and Asia-Pacific. Prior to that, he served as CEO and president of AT&T Corp. Asia-Pacific. Prior to the offering, Global Crossing holds 93 percent of the outstanding shares of common stock while Microsoft and Softbank have 3.5 percent each, according to the prospectus. Goldman, Sachs & Co. and Salomon Smith Barney are the joint book-running managers for the offering with Merrill Lynch & Co. serving as the joint lead manager.

To: Susan Saline who wrote (35476)	5/23/2000 9:29:00 PM
From: Daveyk	Read Replies (1) \| Respond to of 43080

Of the two CMS has the best chart.17.5 would be your sell stop with a price objective of 31.Entry on any pullback looks OK on this one.DTE has a PO of 45 but would have to get thru the bearish resistance at 38 first.It's sell stop would be 28 so you would have to assess the risk reward from there as far as entry.If you're serious about utilities I'll look for better candidates from the PnF view.I only use PnF for support and resistance and of course for sell stops for the most part.Stochastics,macd,MA's,RS,AD, money flows etc help alot.

To: Susan Saline who wrote (35476)	5/23/2000 9:39:00 PM
From: Daveyk	Respond to of 43080

Had to add sounds like capitulation.If you feel that way how many others do?My guru Don Sew is now posting over on The Stock Attack thread.Here's his latest Index Update. Message 13762005 Don't throw in the towel yet cause you know it always changes. Dave