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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: steve in socal who wrote (4777)	5/26/1998 1:50:00 AM
From: Bruce A. Bowman	Respond to of 18928

Pulling chips off the table may be a good move at the moment, Steve, if the dire prediction I just read has any validity. The fact that the "experts" on Wall Street discredit the possibility of a DJ10K problem lends some sense of credibility. Let's see what you think... Bruce --------------------------------------- Y2K-Like Problem Predicted As Dow Storms To 10,000 Software developers say they have found the cloud in the wide silver lining of Wall Street's bull market- a numerical glitch similar to the Year 2000 problem. Programmers in the stock and securities industries, having never anticipated the meteoric rise of the Dow Jones industrial average, have written some applications in a fashion that support only four digits, experts said. If the Dow hits 10,000- and it was hovering at around 9,200 last week- certain automated trading operations might not work properly, they said. "Trading organizations face massive exposure if the [Dow] passes 10,000 and their systems interpret it as 1,000 or 0,000," said analyst Andy Kyte in a Gartner Group report. "Computer-based trading systems could interpret the 10,000 event as a catastrophic crash." Many automated trading applications are programmed to shut down if the Dow falls by a preset amount, experts said. But IT managers in the securities industry earlier this week uniformly rejected the notion that the so-called "DJ10K" problem will have a significant impact on stock trading. One member of the Securities Industries Association's technology management committee, which met last week, said that a five-digit Dow "will not be a problem" for Wall Street applications. By Tim Wilson pubs.cmpnet.com

To: steve in socal who wrote (4777)	5/27/1998 2:52:00 PM
From: Bruce A. Bowman	Respond to of 18928

Just looking thru your note again, Steve. Looks like you've got some major changes coming. Nothing like shaking up the sand in the box to make the playground fun again. So when do we get to hear what this is all about? 60 days? If you were trying to get curiosity aroused, you did that in fine style!! :-) New blood on the board and new blood on the trading floor! Got a buy in EGRP where I added 5% at 20.500, plus 5% more MXWL at 24.250 (had a 1/16 improvement on my order which makes me grin a little). The indices are coming back (or are back) to their 50-bar MAs on the daily charts, but things are still very extended on the weekly charts. If we don't see a rally soon, this could go on for awhile. Sure wish I had more cash. I think I'm going to need it! Bruce

To: steve in socal who wrote (4777)	5/27/1998 5:49:00 PM
From: OldAIMGuy	Read Replies (2) \| Respond to of 18928

Hi Steve, Welcome back! Sounds like a great trip, and thanks for making that reservation for me! It's been about two years since I tried to swing a golf club. Maybe it would be less hazardous to my health than some of the other hobbies I have!! I dug deep and came up with some weekly weakly puns in a couple of notes. I'll try to speed up production for this week's newsletter. I, too, have been studying a "venture capital" idea. Just studying it has been an adVenture. There! How about an adv. agency named AdVenture!! Quick, where's the copywrite button??? Best regards, Tom