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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (17285)	7/24/1998 11:13:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 69867

Clint, I don't think I've ever seen so many stocks that are either showing massive double tops, head and shoulders, spikes and failures on the high side AND so many stocks like oils and semi's that are showing bottoming W's, double bottoms, volume climaxes, hitting two year trend or bottom supports.. a very split market

To: Clint E. who wrote (17285)	7/24/1998 11:29:00 AM
From: Johnny Canuck	Read Replies (3) \| Respond to of 69867

11:08 ET I2 Technologies (ITWO) 28 11/16 -7 11/16: --Update-- Stock retreating after management made cautionary comments on the conference call with analysts. Company concerned about quality of pipeline and execution in Europe. In addition, ITWO reported a sequential increase in Days of Sales Outstanding. Raymond James cuts stock from "buy" to "neutral." ************************** MOBILE PHONE STOCKS. Given the positive results that Nokia Corp. (NOK/A 83), the Finnish phone maker, posted last night, mobile phone stocks are expected to be active this morning. According to Nokia, management expects growth for 1998 to exceed its target of 25-35% as business is very good on a global basis as top line growth continues to expand. In the latest Q2 period, mobile phone sales increased 50%, while fixed-line telecommunication equipment sales rose 45%. Given the expanding communications market and growth potential that remains in this area, cell phone stocks are expected to be a highlight this morning. Expects shares of Ericsson (ERICY 30 15/16) to move up on the news from Nokia, and shares of Motorola (MOT 51 5/8) could also follow in their footsteps. Shares of Nokia were beaten up late last year as the company reported a lackluster Q4 as sales were in the single digit after double digit-growth in the prior quarters. However, since early last year, the stock has made considerable improvement, rising 55% since April alone as the company returned to its fast track growth path with sales in Q1 increasing by 30%. With another quarter of strong results, Nokia is again leading the pact of mobile phone makers. And as the world adopts the deployment of new wireless networks based on GSM technology, Nokia and Ericsson appear to be in very good positions to exploit their experience in this area.