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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (18028)	10/13/1998 8:35:00 PM
From: Brian Lempel	Read Replies (1) \| Respond to of 67830

As a school project, I am hoping to do a statistical analysis of the effectiveness of technical analysis. I am looking for professional resources to help me develop a working system and to help with the selection of indicators and/or systems to use. I have experience in basic charting techniques, and a little in using other forms of TA. However, I am not comfortable with the selection of specific indicators to use in this study. Because I need to evaluation each system or indicator very specifically, the buy and sell signals must be very clear and precise. This may go against the very nature of TA as being a very subjective art... If you are interested in helping on a limited basis with the selection of indicators (and probably being quoted in the study), please contact me for more information. This is going to be a high school science fair project (maybe this will bring back some memories to some of you! <g>), which I hope to take to the state, if not national level! Thanks for your time, Brian Lempel

To: Clint E. who wrote (18028)	10/13/1998 11:46:00 PM
From: Johnny Canuck	Respond to of 67830

Clint, Impressions of AFCI conference call Message 6008115 It looks like the INTC forward guidance is not that good. More layoffs and flat margins are anticpated going forward. It looks like most of the press is giving it a negative spin so far. It should be a down day tomorrow on the NAZ, The PFE miss should take the DOW down. It looks like the drug stocks are no longer a safe haven. DSP reported today too. So it should let us know what handset demand is like.

To: Clint E. who wrote (18028)	10/14/1998 10:54:00 AM
From: mattie	Respond to of 67830

Vtss is looking alright today. Up 7.5% already! I put another limit order in this morning when the market was weak - looks like I missed it.

To: Clint E. who wrote (18028)	10/16/1998 2:59:00 AM
From: Johnny Canuck	Respond to of 67830

Friday, October 16, 1998 Nortel sued over Bay Networks deal By MICHAEL LEWIS Technology Reporter The Financial Post Northern Telecom Ltd. kept quiet about a fall-off in business to ensure completion of a merger with Bay Networks Inc., says a class action lawsuit filed in New York yesterday. The suit says the telecommunications equipment manufacturer held back information about the impact of declining demand from Asia and Europe to prop up its share price so the US$9.1-billion all-stock transaction would proceed. Nortel "sought to maintain the illusion of ongoing financial well-being and revenue growth in order to keep the stock price buoyed and to convince Bay Networks' shareholders to agree to the merger," says the 18-page civil suit filed under U.S. securities law in a New York District Court. The suit claims "tens of millions" in damages, said lawyer Fred Isquith, who represents lead plaintiff Gary Scibelli, a Bay Networks options holder. Nortel spokesman Peter Janecek said the allegations were "completely without merit" and the company will contest them vigorously. The suit says thousands of U.S. holders of Bay Networks common stock and stock options who received 161 million Nortel shares when the merger was completed on Aug. 31 suffered after Nortel warned on Sept. 29 revenue growth would fall short of expectations for at least the third quarter of 1998. In September, the company also announced it had lost wireless contracts in Europe to rival companies and it would cut 3,500 jobs to focus on the data-networking business. Those revelations led to a major sell-off of Nortel stock that helped shave millions off the company's capitalization. Nortel shares were trading at about US$50 when shareholders of Santa Clara, Calif.-based Bay Networks voted in favor of the merger Aug. 28. After the revenue warning they fell to US$321 1/816 on Sept 30. The suit claims if the Brampton, Ont.-based telecommunications equipment maker had signalled slowing revenue growth before the merger, its stock price would have tumbled and Nortel would have been forced to raise the number of shares it was assigning to Bay Networks holders as compensation. "We're basically seeking the difference between what the shares are actually worth and what they're selling for on public markets," said Isquith. The suit seeks an independent appraisal of Nortel's common stock. It also names Nortel chief executive John Roth and chief financial officer Wes Scott as defendants, along with the company. Both executives signed a 139-page prospectus filed with the merger that, the suit alleges, contains false and misleading statements about Nortel's financial health. It says Roth sought to allay investors fears about Nortel's exposure to Asia and the impact slowdowns there might have on revenue growth, citing a statement carried by the Bloomberg news service in which he is quoted as saying Asia "is becoming a smaller part of our overall revenue as other markets expand." Roth "knew at that time the company was experiencing a major fall-off in business," the lawsuit says, and Nortel "did not have good momentum going into the second half," as he allegedly told Bloomberg in July. The lawsuit seeks class action status on behalf of all Bay Networks holders at the time the merger was completed. Isquith said it could be months before a judge decides whether the suit can proceed and years before it is resolved. Buoyed by a interest rate cut in the U.S., Nortel shares (NTL/TSE) rose $6.50 yesterday to close at $55.50.