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To: LTK007 who wrote (1131)12/3/1998 9:19:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 27722
 
Dow seen opening higher on European rate cut
By Daniel Bases

NEW YORK, Dec 3 (Reuters) - A coordinated interest rate cut by European central banks was expected to boost Wall Street stocks to a higher opening on Thursday.

''The coordinated rate cuts are helping to pull us out of what looked like a negative open. I think we'll open higher here as Europe realizes they have to do something to help save the global economy,'' said Peter Cardillo, chief strategist at Westfalia Investments.

On Wednesday the Dow Jones Industrial Average fell 69 points to 9064.54, led lower by weakness in Boeing Co. (NYSE:BA - news).

December S&P futures rebounded from early losses and were up 2.70 points at 0825 EST/1325 GMT following the European rate cut.

The U.S. dollar climbed higher against the mark, to 1.6831 from about around 1.6760.

(Note: this article is ''in progress''; there will likely be an update soon.)

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To: LTK007 who wrote (1131)12/3/1998 10:20:00 AM
From: John T. Hardee  Read Replies (2) | Respond to of 27722
 
Max90 - I should have locked in my loss also, This is the biggest loss I have ever had. That CEO better get his goods to market. NAVR is looking at high $7. This has to be the bottom.



To: LTK007 who wrote (1131)12/3/1998 10:35:00 AM
From: d. alexander  Read Replies (2) | Respond to of 27722
 
Max; are you putting some of that 30,00 back in yet? The vol is decreasing on a daily basis, so the window of panic is closing. D.A.



To: LTK007 who wrote (1131)12/3/1998 7:56:00 PM
From: zurdo  Respond to of 27722
 
Good move, max90!!
I'm glad you came out of this on a positive note!! You were smarter than I was....My timing and strategy was terrible on this...If you buy on panic, this is an opportune time to buy!!<ggg>