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

To: James F. Hopkins who wrote (21376)	7/7/1998 11:34:00 PM
From: set	Read Replies (2) \| Respond to of 94695

> any other news that could have done it. cnbc reported that some analyst was on the wire talking up the sector on the basis of a good report from some lesser company in the semi chain. didn't listen that closely - sorry - so I can't recall what co., but they said that caused the rally.

To: James F. Hopkins who wrote (21376)	7/8/1998 12:08:00 AM
From: Vitas	Read Replies (1) \| Respond to of 94695

<I can't account for anything else causing them every one to go up at exactly the same time of day , or any other news that could have done it> Jim, the Street took notice that you went long NSM yesterday. Just a delayed reaction until they all piled in. Vitas

To: James F. Hopkins who wrote (21376)	7/8/1998 5:29:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Really does look that way.Mot has confirmed the most exagerated overdone bearish scenario I've witnessed in a long time.Sox displays this well.Even more traumatic has been the plight of long term position holders of the smaller tech stocks.Many have been reduced to selling at book values (most have considerable hords of cash).These stocks are going thru a cycle bottom and represent ( IMHO )the very best values available. Although their business cycle is at a bottom their basic industrial purpose has far from been eliminated.News is so overwhelmingly bad that most have forgotten the substantial service end of this dynamic industry. These machines must function 24 hours per day 365 days a week.This requires support. Can you imagine running constantly in your tug boat without a marina? Hope we get a healthy bounce off bottom or better yet a little industry rotation and / or leadership. Am watching INTC,AMAT,and IBM for that. BWDIK Bob