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To: donald sew who wrote (57882)	11/21/1998 10:03:00 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 58727

Equity Fund Flows Slowing-- Taken from amgdata.com this morning: Equity Fund inflows continue to slow to $1.75 Billion for the week ended 11/18/98; 62% of Equity flows are directed to International & Global Funds ($1.1 Billion), while Growth Funds receive only 25%; Taxable Bond inflows slow, with most going into High Yield Bond Funds ($577 Million); Equity Funds report $3.1 Billion in outflows for October.

To: donald sew who wrote (57882)	11/21/1998 10:10:00 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 58727

I will be going short Mon/Tue/Wed on individual stocks, depending how the market reacts, looking for a 5%+ pullback. Donald, please take a look at TXN. I think it is exceedingly overvalued from the fundamental side. Given them credit, TI bailed out of the memory business early and cornered the DSP business. Per last qtr's earnings report, DSPs are growing at less than 20%. TI has already cornered the DSPs market so increased market share is unlikely. In fact, it should drop if big boys like LU decides to raise the competition. With one more qtr to go for FY1998 and Friday's close of 76, it looks like they will end up with a PE in the mid-40s based on FY98 earnings. TXN's historical PE is around 21 per zacks. I know the TA on TXN has been straight up the last week or so. Do you see a turning point coming? If so, what do you see as the best strategy? Ramsey

To: donald sew who wrote (57882)	11/21/1998 10:14:00 AM
From: Fleetwood	Read Replies (9) \| Respond to of 58727

You have done a disservice to fellow TSO investors/traders by talking them out of going long....market has risen 15-20% since the August low and these poor souls have been left out largely because of your doing. Don't you even feel guilty? If I were you I would swallow the ego and face reality. biz.yahoo.com FW

To: donald sew who wrote (57882)	11/21/1998 10:42:00 AM
From: Shanker Reddy	Read Replies (2) \| Respond to of 58727

donald, any opinion on DELL & EGGS short term ? SR

To: donald sew who wrote (57882)	11/21/1998 12:05:00 PM
From: HairBall	Read Replies (1) \| Respond to of 58727

Donald: Did you see the report on “NightLine”last night (Friday 11/20) about the Japanese Banking Crisis? The majority of the money center banks in Japan are referred to as “Zombies”. This is because they are more than a “trillion” US dollars in debt. They have been bankrupt for years. That compares to the Savings and Loans Crisis in the US this way: The US Savings and Loans debacle losses were 100 something “billion” dollars. This was equivalent to about 2% of the US annual domestic product. Japanese Money Center Banks losses are over one “trillion” US dollars and growing daily. This is equivalent to approximately 25% of the Japanese annual domestic product. There are several ways for the Japanese Government to deal with this crisis. All solutions require the Japanese public to pay for it. I will not review the various solutions proffered. Let's just say, none were good. The concern for the US is that the Japanese will need to repatriate their investments from the US (and Europe for that matter) to help pay for this crisis. This will have a major impact on the US economy and would rocket interest rates on US Treasury Bills. This Japanese Banking crisis is a time bomb whose clock has stopped ticking. It is out there and it will NOT go away. Regards, LG

To: donald sew who wrote (57882)	11/21/1998 12:07:00 PM
From: Daflye	Read Replies (3) \| Respond to of 58727

Alright, I'm in... After lurking on this thread for weeks I've ponnied up the $200 just cause the discourse is soooo good. Seriously. My two cents for now. 1.) Yes the markets are sooo overbought its scary, but lately tryin' to nail a top has been worse than fishing for a bottom in August. Overbought and oversold are relative conditions that don't seem to mean much when liquidity (or lack of) and or fear/greed/ psychology are strong in either direction. Bullish % is around 57, while bearish is down around 31%. Never a positve for long. We've got the Dow 10,000 and 12,000 predictions coming back. Those tend to be as annoying as the DOW 5000 doomsday scenarios. No? 2.) New highs/new lows. I agree with Donalds opinion on this one. I won't believe the bull market is truly back until that improves. Its total trading range till then. A/D line looks to be flattening out, is it rounding down? I'm not sure. 3.) Russell2000 still more than 25% from its highs, when I think the time is right I'm going long RUT march calls, lickety split. heh heh heh The markets NEED a pullback of at least 3-5%, people are poised to buy a dip, that cash needs to be drawn in to push the markets higher. Oddly though, bear traps tend to function like that. No? I haven't been in the game long enough to experience a true bear market so this is all a learning experience. Anyways, I look forward to any and all discussions here. I hope I can help as much as I think I can learn. Its all good. heh heh heh Its a beautiful saturday, I'm gonna climb a rock. Later all, and Thanks. Darin P.S. Spelling has never been my forte. heh heh heh

To: donald sew who wrote (57882)	11/22/1998 2:27:00 AM
From: Compadre	Read Replies (2) \| Respond to of 58727

Donald: I have an explanation to the new highs being so slow in reaching 100. I don't know how valid this is, but here it is: During the July peaks, the markets rallied without some of the high tech and semiconductor groups. As I recall, SOX was in a decline when everything else rallied. I don't monitor the indices of all the different sectors, but may be you know if there were other divergences like this one at this same period of time. The SOX was 275 at it's highs in July, and today it is 311. That is 13% above is July level. And yet it is still 25% off of its all time high. I know that the Dow does not reflect this, and semis are not well represented in it. True, the big caps have rallied more that others, but that is business as usual in a rebound. As for the rest of the market, I believe that there was enough of a sector rotation to cause the new highs to remain under 100. I don't know if this is good or bad for the market. All this tells me is that the big caps are over valued again, but the rest fo the market may still in bargain territory. This is just my opinion. I may be way off base. Regards, Jaime