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To: donald sew who wrote (37261)	12/5/2000 9:57:28 AM
From: Paul Shread	Read Replies (5) \| Respond to of 42787

Dumb EMC question: why are SANs holding up better than anything here? Are they the next hot area or something? Any fundamental reason for it?

To: donald sew who wrote (37261)	12/5/2000 12:03:33 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 42787

Well just when I was getting tired of flipping I find I have to sell my QQQ taht I bout. The Gap UP is stronger than it should be. --------------- I'll look at the DOW 30 some more , I use to watch it a lot as it has an odd characteristic when compared to other indexes. For some years it has under-did the S&P but that could change with the amount of tech being brought in it. Price weighting equates to each stock moving the index exactly the same "per point the Stock moves".. Higher priced stocks have bigger point moves and "can" cause the most volatility in a so called "price weighted one" which by the way winds up holding the exact same amount of shares of each stock in it. Any time you own the exact amount of shares of each issue you have what they call a "price weighted index" the SOX works like that too. ------------- With the DOW each 1pt move of any stock in it effects it the same amount "right now that's just over 6 dow pts." The irony is that the Highest price but lowest Float stock on a relative base ; that is in the DOW will tend to skew her the most on news. BTW today it's MMM and JPM that have pushed the dow up the most. While INTC % gain is about 9% it only put DJI up 18pts..and MMM has gained almost 11% ( 2% more) but it pushed the DJI up 68pts ! ----------- Well I sold my QQQ, but will wait a bit before I short it.. I have no doubt the Gap Up will back fill but we could spike again before that starts. Jim

To: donald sew who wrote (37261)	12/5/2000 12:25:41 PM
From: James F. Hopkins	Respond to of 42787

I just went ahead and shorted the QQQ, even though I know she may spike until about 2:30, there is a good chance she won't move higher today.

To: donald sew who wrote (37261)	12/6/2000 9:33:31 AM
From: James F. Hopkins	Read Replies (2) \| Respond to of 42787

Donald; I doubled my qqq short on the close, the futures are not showing it but the NDX mo mo stocks I track are down .5% ( 1/2 of 1% ) in pre market trading. Mo Mo stocks of NDX = the 12 most Dollar traded via 3 mo avg vol X price, and weighted as a group by the vol x price. It sort of gives a money flow of the most active in Dollars ( a very short term indicator ) as it can change in a heart beat. I think there is fear INTC may not have a rosy report and could take the whole sector down a notch. ----------------- BTW in looking over the BETA of the Dow Stocks, being they are price weighted a sort of longer term factor as to which are most likely to skew the DOW the most are the ones with the ( highest BETA X Price.) BETA being the (percent of price change) relative to the S&P in other words JPM is the one who skews the DOW the most over time, MSFT should be next, EK the least with T the next least. This can change as the BETA and or Price changes. But shorter term I look at which ones are trading the most vol relative to their 3 mo avg and the direction the price on them is going. ------------ Jim

To: donald sew who wrote (37261)	12/7/2000 1:00:51 AM
From: Dan Duchardt	Read Replies (1) \| Respond to of 42787

Don, Although you have a very valid point, I believe that MSFT and INTC does not effect the DOW as much as they effect the NAZ, since the DOW 30 is a price weighted index. For discussion only, if all the DOW components were the same price, which they are not, the effects of one component is only 3.3% of the whole index. FYI, the actual combined INTC MSFT contribution to the Dow, as of today's prices, is only 5.03%. (INTC is now priced well below the average price of the Dow components.) Their combined contribution to NDX is 11.78%. Dan