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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (15809)	5/1/1998 10:31:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69827

Thanks Nancy, I will look Sonki up this weekend. This note looks like it is pretty illiquid. My broker finally located it on the Chicago exchange with some offered at $1000.25 and no bids. I will have to work through some numbers this weekend on the growth rates for the underlying basket of stocks. It does offer an easy way to dollar cost average in to a basket of stocks for the telecommunication sector without having to put tens of thousands at risk though. I like most of the underlying companies and I expect most of them to be significant higher by 2005, though not without some corrections along the way. I am not sure how a correction in the underlying stocks price would affect the note. What is your opinion on the oil drillers at this point? Is this a sucker's rally. I noticed Briefing and Ticker Tape Digest both have mentioned that this sector has come back to life in recent weeks. That is usually an indication most of the move is over. I would assume oil exploration season should be starting soon. I think I have seen GLM being advertised as a take over candidate. It looks like I need to do some research into this sector. Regards Harry