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To: pz who wrote (15569)	8/2/1998 10:51:00 AM
From: Larry S.	Read Replies (2) \| Respond to of 53068

Chat ALK (Alaska Air), LUV, COMS, and MU (Micron Technology) : ALK took another big hit on Friday, while FA looks great, stock selling at 9.7 PE and low fuel prices, the chart has gotten very worrisome. At Friday's close of 42 1/8, ALK has set a lower low after setting a lower high last month. Stochastics and RSI indicate extreme oversold condition, I see major support at 35, though don't think it will get there, and strong possibility of bounce back to 52-55 area. If that bounce fails to close above the 62 level, then the stock is short term doomed. LUV, Southwest Air, is acting much better, having recently announced strong 3rd Q bookings and 2:1 stock split. LUV just set new high last week. COMS - 3Com, held in very well on Friday, and though trading near its 52 week low, the company has announced that earnings prospests going forward are looking better. Also, as Tom pointed out, COMS is getting more attractive as a takeover candidate while ASND seems to be shooting itself in the foot. MU announced that DRAM prices have steadied and even risen recently. If this is the start of a trend, MU has a lot to run. Chart looks very constructive. would appreciate others opinions. biz.yahoo.com larrry