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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Amelia Carhartt who wrote (227)	6/19/1998 10:30:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 3536

MSB I am not purchasing any stocks these days. But when I do they are longterm holdings in companies that are dominant in various sectors with good products or services. Although you like to buy off a down market it is not so important in a long horizon. Industrial products are a large sector and a well developed international exposure would be important. Many use the Value Line system for picking the companies. Know where they are in their cycle, know what the management has accomplished, know their fundamentals and pay attention to market defining events. Asia since October has caused me to pause and rethink many of my longterm holdings and shortly may begin more active hedging or actually selling. If within the next few weeks or months and there is no substantive movement within Japan then their silence is worth listening too. However, so far nothing suggests any more then a 15% decline from 9200 Dow, but as Asia recovers the return to 9200 should be fast in the years ahead. I do not expect a melt down I just listen. BWDIK - These are opinions not advice. Good Luck Chip