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To: rupert1 who wrote (47089)2/5/1999 5:18:00 PM
From: rupert1  Read Replies (1) | Respond to of 97611
 
Jerry Favours was on CNBC before the close. The following posting on the DELL thread does not do full justice to the precocity of Favour's analysis. In addition to his committing himself to a market bottom sometime next week, which the poster refers to, he also said that the whole thing is off if the DOW falls "even one point" below some support figure, or other. If that happened, EVEN ONE POINT, MIND YOU, then the market would tank. So now you KNOW!

While I'm on the subject of TA, Merrill Lynch's senior TA guy, said that yesterday's fall was the beginning of something very big, namely, that the market was on the way to tanking to the lows of last April i.e. another 1,000 points. This will be very good for the market (really!) and will signal the start of a major broadly based rally (should hope so).

The senior analyst at JP Morgan said that the market was due for a 15% correction.

To: Mohan Marette (95322 )
From: GRANOLA Friday, Feb 5 1999 4:12PM ET
Reply # of 95345

MO, DONNIE...Jerry Favors was just interviewed 15 mins ago on CNBC and he talked about how they will be loading up on equities next week because we will see a bottom early in the week and then a big rally -NOW I HAVE BEEN AMUSED!!! Well, gee, do you suppose Jer makes his $$$ preannouncing his moves to the entire world?? Or rather do you suppose he did his buying right before he went on the air (VBG!)? VERY INTERESTING...get ready for the RALLY!! :) Dell WILL lead! GR



To: rupert1 who wrote (47089)2/5/1999 11:37:00 PM
From: Night Writer  Respond to of 97611
 
victor,
Could we have some lateral thinking

Did you study Mr. Edward De Bono's Smart Thinking? Let me see if I can remember some of it.
Vertical thinking is selective. Lateral thing is generative.
Vertical thinking is sequential. Lateral thinking makes jumps.
In vertical thinking has to be correct on each step. In lateral thinking one does not have to be correct.
NW



To: rupert1 who wrote (47089)2/8/1999 1:56:00 AM
From: Aitch  Read Replies (1) | Respond to of 97611
 
Morning Victor,

I know this is not Sunday morning, but my thoughts on your queries follow:

1. Would I invest some or all of my cash next week? If not why not?

Yes, I would probably invest most of my cash after watching Monday's action. Gut feel, (very inexperienced, so probably wrong), tells me that if Monday is down, we are near the bottom of this particular correction, if it starts up with some volume, the correction is over.

2. Would I invest some or all of my money in CPQ. If not why not?

Yes, the core of the investment would be CPQ. A bargain at these levels. The only blight on the horizon is the nagging voice of jim kelley which I just can't seem to eradicate from my thought process. A catalyst for caution, is he?

3. Where would I invest some or all of my money. Why?

The rest of the money would go into CSCO, AOL, LU and BRCM in that order. Nervous about the chip makers at the moment, or else INTC would be up there too

During my absence from the trading screen, an oldish GTC buy at 43 for CPQ got filled on Friday, so I suppose I have inadvertently put my money where my mouth is <g>

Your thoughts will be appreciated...

H