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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Stephen who wrote (54153)9/28/1998 7:03:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
Kenneth ... this is a stock board .. ??!!?? ... I must have missed those posts !!>>>>>

there are no words to describe our thread

btw Goldman CANCELLED their IPO NOT delayed....

Gillette Co. (G) 40 +1 11/16: --UPDATE-- giant consumer products concern to reorganize and close several plants; in
the process, it will reduce its work force by 11% or 4,700 jobs; plans to take a Q3 charge of $350 mln or $0.30 a share;
now sees Q3 operating net of break-even vs $0.40 estimate; see press release...

S&P 500 Changes: Standard & Poor's makes changes to the S&P 500 index given recent mergers; AES Corp. (AES 33
1/2) to replace U.S. Surgical (USS 43 1/16 +11/16), PeopleSoft (PSFT 31 5/16 +11/16) to replace First Chicago (FCN 72
7/16 +11/16), BMC Software (BMCS 56 1/2 +3/8) to replace HF Ahmanson (AHM 60 1/4 +1 11/16), Union Planter
(UPC 47 3/8) to replace old BankAmerica, and new BankAmerica to replace NationsBank; expect issues being added to
the S&P to move higher tomorrow as money manager adjust portfolios to reflect changes.....

Micron Technology Inc. (MU) 33 7/8 -1/8: memory chip maker posts a fiscal Q4 net of $0.42 a share, considerably
narrower loss than the First Call estimate of $0.54 a share; in the year-ago period it earned $0.33 a share; stock has traded
up in after hours trading after closing off more than one point during New York hours; see press release.....

U.S. Home Corp. (UH) 32 1/16 +3/8: home builder and designer of adult living communities is warning that it expects Q3
deliveries to come below Wall Street expectations; according to First Call, company was projected to earn $1.10 a share, vs
year-ago profit of $0.94 a share.....



To: Stephen who wrote (54153)9/30/1998 1:32:00 AM
From: Stephen  Respond to of 58727
 
Two points I found interesting post close today. The guy from Dow Jones newsletter said that the window dressing tomorrow was likely to be more selling than buying (more cash in the positions ?) and someone else interviewed talked about this weekends elections in Brazil, which, if the current incumbent doesn't win, is likely to lead to a major market decline, due to likely devaluation of the currency within a week (with the obvious effect on other markets). I assume therefore that the pros will not be going into the weekend too long.

Good luck all

Stephen