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To: Autumn Henry who wrote (27958)	11/6/1997 10:00:00 PM
From: bob wallace	Read Replies (1) \| Respond to of 58727

Autumn I guess tomorrow we baby boomers will get another chance to buy the dip what with S&P futures already down 7pts and sinking, and Hong Kong down 4%m, Japan down 3%, SK down 5% and everyone else down 1% to fractionally. Guess the Asian Flu is still potent. BTW did you noticed the large coverage on the 30 year bond auction, the best in 10 years briefing said - also said it was retail, not foreign. Sort of ties in with your post last night re liquidity in the equity markets, no?

To: Autumn Henry who wrote (27958)	11/6/1997 10:12:00 PM
From: Suresh	Read Replies (1) \| Respond to of 58727

Autumn, I am not going to defend the analyst's. But there are some honest analysts... and there are others. However, I watch for the following (if you follow IBD.. it was discussed in one of the recent investor corners); a) Point of upgrade: Is it coming when the stock is coming out of a base ? How was the accumulation/distribution. What was the reaction of the upgrade by the street ? After all if you are in the right boat you benefit from their word. (A glass of milk is half empty/half full situation) I respect the analyst who upgrades when the stock is 5% or less from the base. I like it when they attach a valid reason (increase in earnings estimate etc.) b) Point of downgrade: Is it coming after a deep sell off ? If so, I would not worry about it. c) If you read the street.com, Cramer had an article discussing various analysts and how he rates them. d) Better watch out for axe's (Jim Cramer's word) in a sector. One has to respect a guy like Tom Kurlak who can carry/push MU from low 20's to high 60's. e) If the upgrade/downgrade is coming from the market makers firm for a small cap stock... get out of their way. It is a no win situation. Swimming against a shark or with a shark in a small pool is not worth the risk. Regards, Suresh

To: Autumn Henry who wrote (27958)	11/6/1997 11:10:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 58727

Autumn, I couldn't agree with you more in re Prudential Securities "analyst" (???) pronouncing GTW a buyout candidate, when in fact he had no thoughts even in regards to potential suitors. Even after GTW the next day stated they are "not for sale", there was still people on the Gateway thread here at SI discussing possible suitors. My sister had just been wanting to buy GTW stock, but I told her without any doubt that it would be back to $30 from the $35 in no time at all when, inevitably, no GTW suitor emerged. It sounds like we have both been in the stock market about the same length of time, and I'm glad we've both learned a few things. DK

To: Autumn Henry who wrote (27958)	11/6/1997 11:21:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 58727

>>Reminds me of one of the most recent more blatant I had my astonished mouth open on......The couple of weeks ago.....announcement by some analyst that GTW "MIGHT" be a take-over candidate cause of it's low price.......caused the stock to crank for a few days worth of shorts I suppose.....then the stock went on to tank where it was going....and nothing else has been said since that "announcement".......since when do the analysts spread big speculative rumors like that? Like when they have options for the opposite direction or something?<< Well I bought 50 nov 35 calls for 2 1/2 and sold em 2 days later for 4 and got out... bleeeea bleeeea bleeeea <making chump sheep sounds> Scarey huh? But its amazing what you learn from a few good men and women who think against the current.. >>Just talking out loud.<< I like your talks.. I talk same way too.. bleeea bleeea.. :)