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

To: robert b furman who wrote (20989)	6/26/1998 10:59:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Bob, DON'T confuse the signal line with MACD. The MACD has NOT crossed over yet and is still bearish for VGY. The ONLY thing we should get here is a sort-term rally in an intermediate term sell-off. BB had the right idea, IMHO, in thinking PUTs... Now if we close above 9,000... all bets are off! That is, if my TA serves me right! (IMHO) Bill

To: robert b furman who wrote (20989)	6/26/1998 11:23:00 AM
From: robert b furman	Read Replies (3) \| Respond to of 94695

OFF TOPIC : As a general motors dealer I would like to offer an inside perspective on the recent UAW strike with General Motors. General Motors has a position Phone Number which clearly details why they MUST hold their position. This number is 1/800-546-0709. I hope you take time to listen. As a dealer my future income greatly depends on the continued flow of high quality price competitive products.I for one have been very critical of G.M. 's lack of competitive pricing policies.I believe that the Local U.A.W. Leaders at Flint metal fab must come to a day a reckoning that "our world is one of a fiercely competitive global forces and that the old days of "Piece work labor pricing" is long gone and maximum efficiency is where tomorrows auto manufacturers will be with or without the U.A.W.. As a 19 year old man I worked in Flint with my brothers of the U.A.W.. I have saved and invested and now sell the product I used to make.The workers of the U.A.W. are good people. They are proud people who know quality is a must for their future livelihood to be assured.This strike has occurred over 1500 workers who are part of the engine cradle assembly dept. In 1995 these workers had an agreement that allowed them to make a set number of cradles in an 8 hour day. G.M. invested 120 million which now allows this set number of cradles to be produced in about 6 and 1/2 hours - They then sit around for the clock to hit 4:30 and then at time and a half they resume production.These 1500 employees average 69000 annual income and 29000 in benefits.So their game is working quite well.I think Bill clinton would call them the wealthy. Almost 30 million dollars of O/T was paid out at this plant in 1997. As I see it G.M. is bracing for a long strike ! Having been a field rep for 10 years in chevrolet I have many friends still employed by G.M. They have been instructed to: Not travel unless absolutely required. Put your cell phone on the back seat (minimize usage) Do not buy meals when traveling In short Capital Conservation As a dealer My inventory is at an all time high As a director of our advertising group our plans are being reviewed weekly with a business as usual approach thru at least july. As a past member of the U.A.W. and not very different from their way of thinking - I wouldn't want to be in the 1500 group that has caused over 100,000 rank and file members to be accepting 150.00 /week verses the usual 1000.00 / week.These people have nice life styles usually quite debt-laden with the new truck, harley, and jetski. As a dealer who works hard to achieve marketplace dominance in my franchise offerrings it P.O.'s me to see leadership efforts go down the drain (and the alredy have because of this strike)because some local U.A.W. leader won't give up an inneficient business model of labor pricing that went the way of G.M. being sued for antitrust monopoly problem. That Dog Just Aint Gonna Hunt No More! In summary I'm glad G.M. is taking its courageous stand to be strong efficient and competitive.It is about time! I hope this strike brings about sanity in Flint - keep in mind all G.M. wants is what is already accepted in other locations now. I think that if this strike really kills G.M.'s stock price -it will be a great call play. Upon the busting up of this good ol boy club in the Flint engine cradle dept. ( The home of " to hell with the company I'm greedy workers"),I'm going long G.M.. Sorry about the verbose post but it does set up a great potential trade and you just got from an inside player. I do know what I am talking about and if any body thinks it is not the truth they are being fooled by U.A.W.patriotism spin doctors! Robert B. Furman, Vice president Martin Autopark 1-888-552-5588 God Bless America