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Technology Stocks : TEXN -- Ignore unavailable to you. Want to Upgrade?

To: Laurens who wrote (48)	6/1/1998 6:52:00 PM
From: john griffin	Read Replies (1) \| Respond to of 55

Info-- only small mention of TEXN Subject: Date: Mon, 1 Jun 1998 10:39:16 -0700 From: "mike king" <kingm@ccweb.net> To: <Undisclosed.Recipients@esus.ccweb.net> 1 June 1998 0700 hrs Las Vegas Time Mid-Morning Economic Comments June from the Roman god, Juno. The Markets were due lower before the open as the Globex S&P was off some 550 pts which would have put the Dow down 30-45. Instead, the Dow has almost erased Friday’s 70 pt loss. The pattern looks almost like a mirror image so far. Yet all of this has happened with no help from the Tech stocks as the Nasdaq Index is off about 14 points. Volume leaders are (1) Dell, (2) Intel and (3)Microsoft. Dell is down 2 13/32; Intel is off 2 7/16, while MSFT is down 7/8 to 83 15/16. Of the 10 volume leaders, only Sun Microsystems is up on the day, + 1 3/8. Transports aren’t helping either, down 29, which is a much bigger negative for the Dow. Both the Dow and S&P 500 are being led by " Lower P/E multiple stocks" like GM, up 5/16; Ford is up 1 3/16. Both are on our recommended buy list. Goodyear Tire is up another 1 1/16, following a solid 3 pt gain on Friday. WalMart is up 1 ¬; Proctor & Gamble is up 1 9/16 and General Electric is + 7 16 to 83 13/16. Coca Cola ( KO ) not a low P/E anymore at 48x earnings is up 1 1/8 to 79 «. Pfizer continues to look weak as a negative piece in Barrons called for the stock to go back to 90. Meanwhile, Europe has approved the use of Viagra. The May Co, is up about 9/16 at 65 and poised to break into new high ground. You can buy the June or July 65 Calls, either of which should make you a profit. Of course, you know I like the stock. I would just prefer to buy it on a down day. But don’t forget to own the stock. 21st Century Technologies ( TEXN ) * has sprung to life, up over 40% of its value, having reached a high of 29 cents this morning. We had recommended TEXN many times the past few weeks in the seventeen-cent region. There is no specific news that we know of causing the action. Other stocks we like during periods of weakness include: Disney, Pfizer, Merck, the New York Times, The Tribune Company, Mesabi Holdings, UAL, Halliburton & General Motors. On the AMEX we must mention SOFNET ( SOF ) again. We expect a test of the $ 20 level shortly. Assisted Living Concepts ( ALF ) remains a buy on breaks for a rally above the $ 21 level by year-end. The FT 100 is off 78 pts this morning while the other bourses are closed for a religious holiday in Europe. Remember Boston Chicken? It went public November 1993 @ $ 20 & immediately ran to $ 50 the first day of trading. We recommended to go short above the $ 44 level. We warned at the time that Boston Chicken looked like a "dog" to us. Today, its off another 5/32’s to just 1 7/8 on over 3 million shares.