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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (13546)	8/28/1998 5:14:00 PM
From: Michael Rich	Read Replies (4) \| Respond to of 120523

Judy, GE had sizable outflow and was climbing as the day went along. A thought: I see they hit those low float high flyers really hard. For trading, will these be better than your fuddy duddy? Then again, if we know where and when the extremes come. MSFT/CSCO/DELL/INTC look fine on block flow, although NDX.X still has 40 point to go. We may get it intraday on Monday. Have a good weekend. Look at all those Seattle high flyers but we will have a warm and sunny weekend.

To: Judy who wrote (13546)	8/29/1998 6:10:00 PM
From: Nancy	Read Replies (1) \| Respond to of 120523

Judy, true, 1/3 of GE's revenues come from GE Capital but GE Capital's revenues not coming from trading activities, but mainly equipment leasing, financing companies, etc. different from a bank or a broker. It has learned its lessons from years ago when it bought Peabody which subquently sold at a loss, and stay away from trading activities. GE basically just float with the market, news hardly affect it. Granted, it is widely owned, both by institutions & individuals, so if capitulation occurs, it will be sold, being the No.1 stock in SPX.

To: Judy who wrote (13546)	8/29/1998 7:27:00 PM
From: Judy	Read Replies (1) \| Respond to of 120523

I consider cci to be the bellweather of multinational banks, and the first time it approached its 200-day ema its trading action and the overall market context implied it was a short on retrace up from key support. When the bellweather of a sector starts falling apart, it portends the whole sector may be going to hell in a hand basket. Fundamentalists were alert many weeks ago as to the vulnerability of multinational banks as to their foreign currency instablility via derivatives. Those trading the multinational banks on the long side on any retrace up, don't overstay your welcome. Those trading on the short side, hit the stocks from the top ... the market and the international financial context will bring them down, way down. When their derivatives exposure is unknown, a bottom cannot be set. In certain senses .. this sector reminds me of the saga of the oil drillers ... falling knives since early this year. Thus far, I like cci and cmb and mer on the long side when bottom has set. But I have not examined the sector in detail yet. ag, you used to be a good fundamental investor before the options craze. What say you?