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To: Harry Landsiedel who wrote (34459)10/9/1998 8:09:00 PM
From: daaan  Read Replies (2) | Respond to of 97611
 
I think that means that ML is still working a short and trying to pick up cheap shares. If the market starts to lift they will change course.

"ML where the bull is just the half of it!"



To: Harry Landsiedel who wrote (34459)10/10/1998 11:20:00 AM
From: Senator949  Read Replies (2) | Respond to of 97611
 
From what I've been reading, ML has been lowering estimates on
most companies and has turned very bearish, almost across the board.


Who cares about ML .... Piper Jaffray raised their estimates on INTC
yesterday and look what happened:

Sat Oct 10 11:11am ET - U.S. Markets Closed.
Symbol Last Trade Change Volume

CPQ Oct 9 26 1/2 +2 7/16 +10.13% 17,585,500
DELL Oct 9 52 13/16 +4 3/8 +9.03% 53,373,600
INTC Oct 9 83 13/16 +5 3/8 +6.85% 21,818,600


INTC naturally went up, but compare the percentage gains between CPQ,
DELL and INTC. The smart investors were listening and realized that
if INTC was going to do better then their two biggest customers must
be doing something right as well. INTC's biggest customer went up the
most.

Robin