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Strategies & Market Trends : 1998 Magic 25 -- Ignore unavailable to you. Want to Upgrade?

To: Peter Longerich who wrote (76)	12/13/1997 2:32:00 PM
From: Cornstock	Read Replies (1) \| Respond to of 116

That's true Pete, but I was just trying to post the easiest way possible. I could have done one share also, and or, as you said, equal amounts. This is just for information. Perhaps some else would like to set up another profile or two. I wish I had time to do several, but have too many other duties on SI.

To: Peter Longerich who wrote (76)	12/15/1997 8:36:00 AM
From: James F. Hopkins	Respond to of 116

HI Peat; this weighting you mentioned is the way most indexes are weighted..and thats what I find wrong in counting on an index, to tell me if the market is going up or down..it can toss a curve at you as it leaves out the amount of shares outstanding that a company has..in short most indexes can at times fall..when actually the "market cap" in that sector went up..or rise when the market cap has actually gone down..they can tell you the DOW is up..when really it lost market cap. so I'v made up my own indexes..but use maket cap of each issue to weight the shares..this gives a better idea of the pluse of the market, I'm not saying to BUY them weighted that way..but to watch them weighted that way..as the total market cap move; an example would be a stock like GE making a 1/2 point move down while a smaller cap stock moved up 2 and caused the Dow numbers to be up but in realty the dow lost market cap. I'm sure others must have figured this out, but the news still toots it's whistle ah the Dow is up today, or only lost x amount while all along the market tone is more negitive or positive than the numbers show. Indexes in that sence lie, but what galls me is they must know this but don't ever seem to mention it. Jim PS on the NAZ they count the shares twice as they move via a market maker..if they counted like the NYSE it would be exactly half, that huge volume record tha ORCL set the other day..cut it in half, I saw Joe K on cnbc doing some quick calulations multiplying the amount of shares sold by the price drop, the guy tries to look like a know it all but is really ignorant. ----------------- Last thing and I forgot in weighting by market cap..also look at the float vs the outstanding..a small float can be more volital but it does not represent the same potentual for money flow as one with a large float..so do a second balancing act..based on float..to get the real potentuall of the big picture.