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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (2047)	11/3/1998 8:07:00 PM
From: LastShadow	Read Replies (2) \| Respond to of 43080

Hard Drives, Fixed and Removeable Media stocks RDRT, WDC, SEG, QNTM, IOM, and the like have all been uptrending for at least 8 days, and some for 14 days. Today's height was in part due to some momentum for SYQT's Chapter 11, byut everyone of them will correct back to trendline and and their respective trading channels tomorrow. APM, however is a different story, as it was just signalled as a buy tonight (gee, thanks, net...) when I ran the numbers. That does however bode well for it, thoug, as the net was also looking for an entry given the recent horizontal movement. The market had about 30 minutes of excitement at open, and another 30 minutes at close, and for the most part was pretty boring today. Other than some corrections and profit taking, I don't see much to make tomorrow exciting either, but then I haven't seen the pre-open numbers/news/surprises yet. lastshadow

To: Judy who wrote (2047)	11/3/1998 8:17:00 PM
From: AlienTech	Respond to of 43080

Go home George Soros! By Paul E. Erdman, CBS MarketWatch Last Update: 1:45 PM ET Oct 27, 1998 StockWatch SAN FRANCISCO (CBS.MW) -- Three items caught my attention this week. First: One of George Soros' top lieutenants quit for "health" reasons. Second: the Hong Kong Government, which bought shares on the local stock market this summer as part of a strategy to defend its financial markets from further speculative attacks, has made out like a bandit. The currency market has settled down, and its stocks have gone straight up. Malaysia went the route of imposing strict controls on capital movement, both in and out. It also worked there - so far. Third: at a meeting of the European Union in Austria it became apparent that Germany, France and Italy, the three core, founding members of the Common Market, currently with Socialist political leadership, are committed to find a way to reduce the "destructive" effects of short-term capital movements into and, then abruptly, out of national economies. What conclusions can one draw from all this? An increasing number of nations are saying: enough is enough. That jobs in Bangkok, Seoul, and Moscow should not be subject to the machinations of a small group of billionaire speculators like hedge fund king George Soros. For the first time that I know of, Soros is on the run. He got clobbered in Russia, got smashed on the yen, and lost big on his bet that sterling would sink like a rock vs. the German mark. Yet his key manager, the one who just became "sick," earned $136 million last year. Hopefully, Soros is destined to go the way of Bernie Cornfeld. Both have given capitalism a bad name. In any case, the brief era of an American-sponsored unfettered global free-flow of capital is coming to a sudden end. This does not augur well for anybody. It was just such freedom of capital movements that made possible the rise of the Asian Tigers and China, the brief economic renaissance of Russia, not to speak of the prosperity of Latin America in the 1990's If George Soros has been instrumental in damaging the international financial system, he deserves everything he is getting - and more. Economist and author Paul E. Erdman is a columnist for CBS MarketWatch.