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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?


To: George L. Smith who wrote (2322)10/2/1998 6:44:00 AM
From: Lutz Moeller  Respond to of 4509
 
rumor mill:

US Fonds sell heavily in Germany in DAX values to raise cash. DAX -7%. You get money in germany faster as settlements are quick (two days guaranteed your money from the sales in your account, where else do You get that performance?!

truth:

Daimler Chrysler will not be part of S&P 500, being non US company, so Chrysler shall drop out of the S&P 500. Maybe a candidate for a short drop out short? As PSFt was a short drop in long!

Dollar 1,64 also bad for german automobile stocks!

Daimler chrysler will be 13% of DAX!

Regards Lutz