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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (19254)	2/4/1999 4:55:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 42787

Dennis: I thought you were anticipating a further deterioration? Anyway, I thought it was a bit overdone and bought CTXS and a little INTC.

To: dennis michael patterson who wrote (19254)	2/4/1999 5:12:00 PM
From: Judy	Read Replies (1) \| Respond to of 42787

Bought AMAT calls for earnings and for INTC's formal announcement of 300mm pilot plant. Semi-gambling trade, no pun intended.

To: dennis michael patterson who wrote (19254)	2/4/1999 5:23:00 PM
From: KM	Read Replies (2) \| Respond to of 42787

I agree with you about the EMC and Sun, not sure about Dell. MSFT was very very attractive too, and Intel was being bought big after AMD halted: Someone Wanted Out By James J. Cramer 2/4/99 4:23 PM ET Hmmm, looks like the Nasdaq seller might have finished. In checking with every major OTC desk every five minutes in the last hour, I did not find a single large seller. In fact, after the Advanced Micro (AMD:NYSE) news came out, there were large buyers of Intel (INTC:Nasdaq), as people recognized that AMD may be faltering in its next generation of chips. In other words, the selling was all derivative, all stemming from a program designed to sell all the favorite names that have propelled this advance. You will hear people blame bonds for this selloff. That's just plain stupid. The drug stocks were actually an oasis of "strength" and they trade with the bonds. You will hear people blame the wild Internet shenanigans, the red rovers, as I now call them. But that's wrong too. In fact, the Net wasn't that volatile. Someone wanted out. He wanted out more than anybody wanted in. And when he was done, he wanted to be sure he left his tire tracks all over the backs of anybody who tried to call the bottom. Making things worse, camp followers piggy-backed, and what could have been an orderly selloff just became a flat-out rout. Me? I dodged the high explosive, but my ears are ringing. Have to see whether the same selling comes back tomorrow. If it does, then the barrage will be dealt with and the prices will be cheaper and more fetching. No, this is not the Silver Lining Department speaking (like that Greed & Fear character that speaks in haughty third person over the weekends). Today was hideous. That said, I would have loved to have seen what it looked like without the high-explosive program. Maybe tomorrow he comes with some white phosphorus. Stings, deadly, but lacks the impact of what he threw at us today. I feel good that I held out to the bell to buy. I feel bad that if this guy comes back, I am not done buying!! (A word on "he": As I have said many times, I have no idea who did the selling, whether it was one big account or two accounts. Or whatever. What I do know is that the selling was concentrated in the futures, not the cash market, and the market makers never saw lots of merchandise for sale. Just 10,000s and 15,000s from "away," which fits the pattern of futures spill-off.)

To: dennis michael patterson who wrote (19254)	2/4/1999 6:14:00 PM
From: dj8000	Read Replies (1) \| Respond to of 42787

The market is in tricky condition now, it could be worse. So I will just wait and see. Jan. effect is over and there will be much less mutual fund buying. Beside, Fed is not in cut rate mode and worse yet, Fed. could increase the rate. Gee. Consider these new index for diversification purpose: XLK (Tech, which contain 15% MSFT and other big names), xlv, xlp, xlv, xle, xlf, xli, xlk, xlu. DJ PS. just came back a few days ago and still a bit tired :)

To: dennis michael patterson who wrote (19254)	2/4/1999 6:41:00 PM
From: Rambi	Read Replies (1) \| Respond to of 42787

dennis--- so the big reversal you are predicting will not keep you away from specific stocks? Do you not think these will also be affected and go lower? Or are you just going to add if they do? Are their valuations high enough to warrant being corrected more? Are you doing this for trading or core positions? What are you having for dinner? MU and EGRP got hit pretty hard today---am hoping they will again tomorrow. And NEM and FGI were up nicely! I was just kidding about the dinner question.

To: dennis michael patterson who wrote (19254)	2/4/1999 11:26:00 PM
From: Sonki	Respond to of 42787

dennis, i was just getting intrested in emc and found these comments on sunw/emc/dell from my news letter. i hope this helps and i do not get in trouble for puttting a copy here... my buy list : emc, orcl, sunw, msft. maybe more nvls if it drops more. these would all be for trading not holding. also looking at wcom. ------------------------ following from the news letter. THEY DROPPED EMC from the pick list. cuz it dropped below 21 day. what is so special about 21 day? Maybe too much good news...? I just read a great article on emc from tech conf. and then i saw this. Can you please give me your TA perspectives?.... EMC $98.00 -5.25 (-10.88) This is a very sad day. We are going to have to drop EMC. EMC has been a pick since 11/08, and has gone up almost $40 during that time, but today it closed below its 21 day moving average. EMC is such a great company, that we are sure it will be back as a pick, but in the meantime we are going to give it a rest. ========== sUNW $103.38 -7.13 (-8.37) OUCH! Sun is getting wrecked this week. After a valiant +$4.44 effort to rally on Wednesday, Sun sunk again -$7.13 on Thursday. It is now down -$8.37 on the week. Apprehensive traders seem to be jumping ship as they try to cash in on any profits they might have from last week or they may be trying to avoid any further stock price leakage. Keep your eyes open. Sun is a quality stock that won't be held down long especially since it is splitting 2:1 on April 8th. When the market recovers, look for Sun to start swimming up again. In other news, Novell has unveiled its Sun Solaris compliant Novell Directory Service (NDS). NDS will provide users with a unified directory service to make networks more manageable. ====dell DELL $102.38 -5.50 (+2.38) From Tuesday's update, "Dell is still subject to pullbacks on a down day". No kidding. Dell, the fourth largest weighted company on the NASDAQ 100, got hit hard during the "Generals' Retreat" following Tom Kurlack's attack on chip stocks which served as an excuse for the broad-based tech sell-off. Dell, on a run to earnings scheduled February 16, could get a rumored 2:1 split announcement. Dell's price for its previous 2 splits was $113.19 on the February 18, 1998 announcement, and $109.50 on the August 18, 1998 announcement. The chances of another announcement increase as the price approaches $110. Split or no split, earnings should be great given Microsoft's and Intel's forward looking comments. Still, we caution not to take a position until the market reverses. The company's still great, but no stock will survive a broad-based retreat. Confirm market direction first, then load up the truck suitable to your risk profile.