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

To: Tom Latham who wrote (7661)	2/2/1999 8:12:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Top Financial News Tue, 02 Feb 1999, 8:06am EST U.S. Stocks May Fall, Led by Microsoft, Intel on Concern Shares Overvalued New York, Feb. 2 (Bloomberg) -- U.S. stocks will likely decline, led by Microsoft Corp., Intel Corp. and other technology companies amid growing concern their shares are overvalued given even the most optimistic profit forecasts. ''At these levels, you're better off going to a casino than investing your money in Nasdaq or S&P 500 stocks,'' said Erwin Schulthess, who manages about $32 million at Safeinvest in Basel. ''It's about 98 percent certain these stocks are headed down from here.'' He's been selling shares in AT&T, Microsoft and IBM. March futures on the Standard & Poor's 500 Index fell 5.3 points to 1269, about 9.5 points below ''fair value,'' which takes into account dividends, cost of money and number of days until expiration. March futures on the Dow Jones Industrial Average slipped 40 to 9308. Many U.S. technology shares traded in Europe slipped, according to Madoff Securities International Ltd. hmmm...should be an interesting day