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To: MonsieurGonzo who wrote (4452)	10/22/1998 8:22:00 AM
From: Gersh Avery	Respond to of 11051

Steve Re:news FWIW Wellll .. OK not news but rumor kitcomm.com FWIW Gersh

To: MonsieurGonzo who wrote (4452)	10/22/1998 11:31:00 AM
From: Berney	Read Replies (1) \| Respond to of 11051

MG, Re: Chew and Chat My trend lines are not dependent on market direction. I show the top of a very nice weekly trend over the last 2 1/2 yrs for IBM at $140. Yes, it has gone above it 3 times over this period for a short time, but in every case, thereafter, the direction was down. Retail has been interesting to watch. I occasionally watch some smaller retail stocks (FDO, CLE, ROST), and they have had a tough time. Then we have S that is still down dramatically. Seems like the only healthy stock is WMT, and I'm not interested in it until it gets to $56 if ever. You realize that if GE goes to $90, we're going to bumping our head on DJIA 9000. Amazing. Seems like it was two weeks ago that you were wondering if GE was a good position trade at just under $70. As to the others, I'll get back to you. Trying to figure out why I bought LU this morning. But, in general, as long as OEX keeps closing above 523, I've got to stay on the bullish side. We knew the weakness in this quarter was going to be banks, brokerages, and big oil. Seems like the market is taking it in stride (so far). Berney

To: MonsieurGonzo who wrote (4452)	10/22/1998 8:02:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 11051

Hi Steve .. 401k flows for the week ending 10/21 = 11 Billion into money market accounts, 2 billion into stocks. Cash on the side is building up like water behind a dam. And the sheep are acting like water seeping through .. dig a hole, it gets filled. No paper fill on DLQMZ yet .. hit 1 1/8 several times today. Way things are going I should get to be wrong several times in a row! VIX dropping like all get out. DLQLM only went up ~$1 with all that Dell gain .. Cashing out right now, with the house cut, would put me at -$46.25. Gersh