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To: jim kelley who wrote (85018)	12/12/1998 1:34:00 PM
From: Mohan Marette	Respond to of 176387

Acampora likes DELL, WOW,I better go back to sleep now. Jim: My man Acampora says DOW will be 'erratic' in 1999,humm.. it wasn't thus far.I guess some call it erratic and some rational.Anyway i like the fact he likes DELL,wouldn't mind even if he didn't.<g> ========================================= Sat, 12 Dec 1998, 1:27pm EST Prudential's Acampora Says Dow Will Be 'Erratic' in 1999 New York, Dec. 11 (Bloomberg) -- Ralph Acampora, Prudential Securities Inc.'s director of technical research, said he expects U.S. stocks to be ''erratic'' in 1999, although the bear market of July to October shouldn't repeat itself next year. ''I honestly believe the worst is behind us,'' Acampora said during his presentation of Prudential's technical outlook and projections for 1999. ''We got very close to a major problem, and I hope it sobered us up.'' Acampora said the market's decline in 1998 was in line with ''major market bottoms'' that usually occur every four years, and it sets the stage for a renewed bull market next year. He also expects continued volatility because of persisting economic woes in Asia and Brazil. ''We're not an island,'' he said. The market ''came apart because we have problems outside our borders and we came close to a global meltdown.'' Earlier this week Acampora said the Dow should trade between a low range of 7800 to 8450 and a high range of 9800 to 11,500 in 1999. He estimated the Standard & Poor's 500 Index will trade between a low of 1050 to 1090 and a high of 1350 to 1525. Acampora said the recent rally from a bear market resembled a ''banana,'' with the Dow Jones Industrial Average and the S&P Composite Index reaching record levels in November after bottoming out in October, though he noted 71 percent of S&P industry groups are still well below their record highs. ''No one should be surprised with a little weakness'' between now and the end of the year, Acampora said in an interview earlier today. He said the Dow's nearly 2000-point rise from Oct. 8 to early November ''overdid it a little bit.'' Acampora's Picks Acampora said he particularly likes telecommunications companies, including Sprint Corp. and MCI WorldCom Inc., tobacco stocks, such as Philip Morris Cos., and large computer stocks such as Microsoft Corp. and Dell Computer Corp. He proclaimed 1999 ''the year of the stock picker'' and urged investors to spend more time selecting individual stocks and pay more attention to mid-size and small stocks. He favors mid-size companies, including retailer AnnTaylor Stores Corp. and publisher Scholastic Corp., and small capitalization stocks, such as C-Cube Microsystems Inc., a provider of digital video technology. The Dow fell 19.82 to 8821.76. The S&P 500 rose 1.44 to 1166.46. --------------------------------------------------------------------------------