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To: M. Frank Greiffenstein who wrote (18744)9/28/1998 12:53:00 PM
From: H James Morris  Read Replies (2) | Respond to of 164687
 
Doc this my take. Cnbc is reporting that Dell just announced they expect great #'s due to wonderful expected International sales.
It appears that some Co's are bullet proof from the Asian mess.
Aol,Yhoo and the 'Thing' do no business over there so Wall Street loves them (for now).
Wall Street has bet on Easy Al to give them a break tomorrow and If Japan sets up a 'Bad Bank' in the next few days, it will add icing on the cake. This might be the last big buying opportunity we'll see in some time. Throw everything you've got at these Internet stocks, but try to be the second to leave. I'm hoping to be the first.



To: M. Frank Greiffenstein who wrote (18744)9/28/1998 1:01:00 PM
From: Rob S.  Respond to of 164687
 
That makes sense. I agree that some of the movement is probably due to window dressing. It helps sell funds to have some glamour stocks in the portfolio. Wall Street specialists and members are selling the market short at very high levels: marketgauge.com

I agree that the current rally will be a situation of "buy on the rumor, sell on the news."


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