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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (30721)	2/18/2002 9:54:57 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 99280

Zeev right now as a P&F chartists i am watching what we call the Semiconductor Bullish Percent roll down from a high of 78% late Dec Jan time frame which in P&F speak is very overbought, it has rolled over and moving down now to near 30% which is getting oversold.. so what i look for is this continued move lower below 30%, and THEN the reversal back up in the BP to what we call a BULL Alert status... i will buy them there and then...it would not surprise me to see the SOX if it breaks 500, move to about 450/460... but the index has been the best of the whole lot...

To: Zeev Hed who wrote (30721)	2/18/2002 10:23:15 AM
From: Ted Downs	Read Replies (1) \| Respond to of 99280

Zeev, re: off sheet debt I understand that many companies are leasing facilities instead of building them. That expense for a rental fee of say $1 million a year shows up every year but the contract of debt for perhaps a 20 year $20 million dollar lease doesn't appear as debt on the balance sheet. re: Global Crossing as prime example of corporate waste.Even as the company saw its fortunes decline amid a general downturn for telecommunications network companies, Winnick, who founded Global Crossing in 1997, maintained the lavish offices as a symbol of his grand plans to build a worldwide high-speed data transmission network. This move out of Beverly Hills offices will save $400,00 a month rental while in bankruptcy. Is this a trend in the commercial real estate markets whereby unscrupulous operators and even honest corporations make huge leasing debt obligations which never show up on the balance sheet? Ted