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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Kona who wrote (20062)	6/11/1998 1:47:00 AM
From: Nancy	Read Replies (1) \| Respond to of 94695

intc or cpq already have the disappointment factored in their prices. if new low stay in triple digit for several more days then yes we may see dow breaks 8750 support and that is a technical bad sign to many. Naz new low has seen triple digit several times already - thus it cannot get back to solidly above 1800.

To: Kona who wrote (20062)	6/11/1998 7:22:00 AM
From: Kip518	Respond to of 94695

I'm waiting for the first domino to fall, Intel? Compaq? or worse, someone we're NOT expecting ! My guess -- a high-profile merger deal will collapse (e.g. Worldcom & MCI or maybe Citibank & Travelers) that will finally tip the market.

To: Kona who wrote (20062)	6/21/1998 6:08:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

MSFT, no one is expecting her to fall ? But if she does , there goes the OEX and SPX.. her market cap is right next to GE now.. bigger than either coke or exon, ON top of that she is now bigger than both AT&T and IBM put together. A $3-1/2 move in MSFT price now effects the S&P and OEX ..more than a $7 move in IBM ! It holds second place to being the biggest monopoly in the world. ( stock price wise ) Yet biz.yahoo.com The stock has gotten so rich, that it's hard to compare her to anything but GE. She is selling at 5 times the price to sales ratio of GE, twice the price to book, and over twice the P/E.. yet her earnings have been cut. I know she is the leader in her field, but growth has been priced into the stock as if she were a start up. Thing is when she falls, it's going to shake up so many mutual funds that they have to sell off every thing else they have to keep this dog up, or the index falls so hard that panic sets in. MSFT now presents a catch 22 situation to so many funds it's scary. The last problem is not the least either, SHE has only half the STOCK float of GE..so share for share traded she can move the index even more than GE , Man it's unreal, MSFT has more money invested in her than, FORD, GM, and Chrysler all put together..& she don't yet pay a dividend , hey the computer world is growing but not that fast. And the profit margin can't stay were it is, not per share..Also the Asians are coming out with their own operating system within two years, maybe within a year, MSFT will not monopolize Asia like it did the US, they have other plans. And Some SA countries already refuse to honor her copyright claims. The possible disaster is not so much just to MSFT..if and when she falls, but what her fall will do to the index , and all the derivatives connected to the index..it could easily set off a chain reaction..to many funds let her market cap get to big.. yet she will never make more money than GE ..what a mess. She herself don't have the capitol , this huge cap is all in a dream that somehow she is going to do that, yet to do so she has to make 4 times more than she is now making, who puts values on these things so high, they ought to be tarred and feathered..and how it came tat this company can now share for share dictate the S&P and OEX index , and all the derivatives conneted to them ,more than any other stock in the world, is pure insanity. Jim