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Non-Tech : BCOM, Great earnings, and a 2 for 1 split . -- Ignore unavailable to you. Want to Upgrade?


To: Tadsamillionaire who wrote (155)10/21/1998 3:35:00 PM
From: Tulvio Durand  Read Replies (1) | Respond to of 182
 
Nice moves last five days on heavy volume. Bank sector is down today, yet BCOM is up 17%. Are funds discovering our golden goose?

Tulvio



To: Tadsamillionaire who wrote (155)10/27/1998 4:32:00 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 182
 
Tim,
Back into BCOM with strong position at 13... disagree about techs looking better than banks now... with Fed easing, cost of funds to banks drops thus widening margarines... tech stocks will soon get another hammer as economic slowdown becomes apparent... Fed easing means they see "the whites in the economic slowdown"... those crusty old regional governors serving on the Fed Board are just that -- myopic old farts fixated on 1980's thinking... they believed until September that inflation was still a threat... been saying here for almost a full year that next Fed move was to LOWER not raise rates, and proved right... been saying here for almost a year that deflation is a real threat

for the next decade expect to hear as much about deflation as we did in 1980's about inflation... inflation has some positive rewards... deflation has next to none, wreaking destruction swiftly... next realization will likely be that the widespread lack of profits will result in significantly reduced capital spending, which will reduce productivity and profits and slow the economy further... Fed easings at this stage are an ominous sign... such late moves indicate Magoo asleep at the wheel

I look for a move upward to 16-17 range... price went off the floor at 10-11 to 14 then pulled back to re-visit the 50day moving average... where it is now... last summer it bounced hard off 16-17 and I got out... never expected it this cheap... now I expect a move to touch old hard floor at 16-17

banks look tremendous nowadays with improving margins, esp those will no foreign exposure (like BCOM)... only risk is with recession and overly aggressive expansion plans in the face of recession... another Fed ease by Greenspan and the Magoo governors and we take off again

/ Jim Willie