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To: yofal who wrote (10900)4/6/1998 4:26:00 PM
From: Phillip C. Lee  Read Replies (2) | Respond to of 213177
 
Have you checked the NASDAQ today? Woah - big selloff - almost
everything down...now, why is the NASDAQ down? Hard to say - Japan
anyone?


Well, it looks like part of money was moved out of techs to
financials due to Citicorp and Travelers merged news. It will flow
back in next couple of days.

Another site reports possible Q2's excellent profits, but it is
between 65m - 95m range, from INSIDERS:

macnn.com

Sooner or later, the shorts are going to be killed.

Phil



To: yofal who wrote (10900)4/6/1998 4:39:00 PM
From: Russ  Read Replies (1) | Respond to of 213177
 
Have you checked the NASDAQ today? Woah - big selloff - almost everything down...now, why is the NASDAQ down? Hard to say - Japan anyone?

It looks like the selloff was a tech selloff - the DOW did nicely, and so did the S&P, but NASDAQ was down. MSFT, DELL, GTW were all off. I think the report that the DOJ may slap an antitrust suit on MSFT in the next few weeks might explain it.

biz.yahoo.com

As far as AAPL going down, it held up better than most of the techs (IBM was up, but most PC companies were down). When AAPL was in the teens it was almost completely uncorrelated with the movement of the tech stocks. Now that it's recovered it does show correlations with other techs.

-Russ