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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (11305)	12/11/1997 7:02:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Hi GZ, I'm just hove-to awaiting the wind to change, Do you know why some fund managers have such a hard time keeping up with the S&P ? well I guess there is a lot of reasons, but one of them, = a lot of folks like me e-trade in and out of the no-loads...when an ill wind starts you exit..when it shifts you go back in. For each down week a fund has, say they drop from 20 to 18 in a week OR so..that $2 is 10% down, to make it up, 2/18= they have to go back up 11%, most go up more than down but if you get flop out on ill winds, you get more of the up side..the vast majority just ride the tide , fund managers don't like people jumping in and out..but by going via e-trade the broker sticks my order in with a lot..and as long as I keep 1 share of the fund I don't get off their mailing list. So right now I got 1 share of two funds.. and one penny stock..that went from 1 3/32 to 1 7/32 for a gain of 12.5 cent, thats only about 11%, but what else went up 11% today ? ;-) Jim PS I'm tracking the WEBS on the AMEX..all 17 of them, ( London ) is EWU , that's the only one that doesn't seem hit buy this squall..it actully went up a 1/16 , do you know what WEBS are ? Next to her EWK, and EWO were flat, SPY ( S&P Deposit Recpts) lost 1.70%..big losers were in Asia..most down over 8% today except for Hong Kong down 3% But all in all out of 18 countries, ( SPY ) is not a web but represents the US so I track it too..only one up.. 2 flat and 14 down..some of them bad..if that picture stays that way we are in for a Bear market..untill the WEBS start averaging more up than down we will go up and down, but more down than up. When the majority of the WEBS do good we do good. Jim

To: GROUND ZERO™ who wrote (11305)	12/12/1997 2:18:00 AM
From: Bilow	Read Replies (2) \| Respond to of 94695

Hi GROUND ZERO; I was thinking sailing metaphors today as well. I was thinking about how the ripples on the water that give hints on where the wind is a little stronger are similar to detail on daily stock charts as opposed to the trends on longer charts. By the way, you got stopped out of CPQ? Do you have any stop theory to share with us? I have never, ever, ever used one and I could of saved myself some serious coin on CTYS this past fall if I had. -- Carl