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To: Trader X who wrote (13236)4/10/1998 9:28:00 AM
From: SE  Read Replies (1) | Respond to of 17305
 
Nothing personal, but there is a school of thought out there right now that this thing (everything) will be tanking in the coming week. I don't have a clue what it will do this next week, but some of the estimates are, well let's just say, quite far out there. When you talk of a big move up, what kinda time frame are you talking? Also, do you see anything that would indicate a severe market correction next week? If that does occur...wouldn't techs also take a big hit next week? Actually, if it does work this way, that would play right into your scenario....meaning, let's take it apart first, scare the little guys into selling and then mark it up baby! Thoughts?

-Scott

PS - you follow elliot wave at all????



To: Trader X who wrote (13236)4/10/1998 2:07:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 17305
 
CYMI can go up a ton, works for me.

My thoughts are the market shakes off the Plonk theory and is strong mid-week. Japan's Yen is being gobbled up and the greenback sold, so short-term I am persuaded to believe that Monday will not be a good day for the long side overall......but a rally comes off this intraweek and the real problems near-term for the market come just after expiration.

Downstream, May if you will, I think the market will begin to outperform all expectations. Techs certainly should lead the upward thrust and I have a stock or two in mind myself. However, between now and then I am more cautious than most. I understand there is no apparent technical reason why the market should pull-back.

This is exactly what makes me cautious. The rationale for market declines is always apparent after the fact. Unlike the kerPlunks and unlike the DJIA 10,000 group; I like to make my money the old fashioned way. One day at a time. I think it's incorrect to presume the market will continue up without a near-term correction....I also think it's incorrect to presume we are on the verge of 1929.

My guess is the week after next we get a nice shot down, then the market moves strongly forward for another 5 years.

5 years. Somebody hit me, did I say that? My usual time frame is to hypothesize what's possible in the next half-hour.



To: Trader X who wrote (13236)4/10/1998 6:07:00 PM
From: Tech Master  Respond to of 17305
 
A post from the ALYD thread:

******************************************************************************
To: Double D (5593 )
From: Jeffrey S. Mitchell Thursday, Apr 9 1998 3:50PM ET
Reply # of 5612

I found this interesting...

For the year ended December 31, 1997, the Company performed services under 41 contracts, many with major corporations. Some of Alydaar's clients included E.I. Dupont DeNemours & Co., 3M Corporation, British Airways PLC, AER Lingus, Ltd., Nabisco, Inc., R.J. Reynolds Tobacco Company, and Smith Barney, Inc...

That's the first I've seen Smith Barney's name in print, although ALYD used to mention them at conferences as a client. Also, despite all those contracts... During fiscal 1997, 3M Corporation, Science Applications International Corporation (SAIC) and GE Capital Global Consumer Finance LTD accounted for 14%, 12% and 9% of the Company's revenues, respectively.

So anyone wondering where the highly anticipated increased Q1 and beyond revenue will be coming from, I believe you have your answer.

- Jeff

*******************************************************************************

Add Smith Barney and GE Capital to ALYD's blue chip list of customers..... and just wait until Q1 numbers get released.... ;)

START ADDING STOCK BEFORE THE PRICE TAKES OFF!

Tech Master



To: Trader X who wrote (13236)4/14/1998 6:18:00 PM
From: Trader X  Read Replies (2) | Respond to of 17305
 
Why does SFAM move in tandem with VECO?

Don't ask me why, but it does.
Speedfam has successfully tested support near 26.
My target is near $38.

Remember, I look for intermediate moves, so none of these climbs will occur overnight. I figure about 2-6 weeks for this 30% move to climax.