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Microcap & Penny Stocks : MSU CORP-----MUCP -- Ignore unavailable to you. Want to Upgrade?

To: Bert Zed who wrote (2750)	2/27/1999 4:56:00 AM
From: Charles A. King	Read Replies (3) \| Respond to of 6180

MSU was soft because of the general selloff of tech stocks combined with lack of heavy buying by a big investor. I'm sure if on balance volume could be seen since October, it would indicate heavy accumulation by big new money as old money left the stock in disgust, never to look back. From Friday's news, The technology-heavy Nasdaq composite index slumped 38.81 points, or 1.67 percent, to 2,288.01 after Thursday's 33-point drop. The sell-off in technology stocks was sparked by negative comments by Wall Street analysts about Compaq Computer Corp., the top personal computer producer, and computer-chip maker, Micron Technology Inc. The analysts' concerns about slowing growth in the companies' sales fed on investors' anxieties over the high valuation of the overall stock market. "Major investors are undecided about what they should be doing, so they're sitting on their hands on the sidelines," said James Volk, co-director of institutional trading at D.A. Davidson & Co. in Portland, Ore. Goldman Sachs lowered its rating on Micron, while Merrill Lynch trimmed its first-quarter earnings estimates on personal computer maker Compaq Computer Corp. "There were comments made that spilled over to all the tech stocks," said Arnie Owen, managing director of capital markets, at Cruttenden Roth. Micron was down 9 3/16 at 57-5/8 and Compaq lost 6 3/16 at 35 1/4. Other tech giants were also dragged lower. Intel Corp. was down 7 13/16 at 119 15/16 and Applied Materials fell 8 1/8 to 55-5/8. Microsoft was off 3 3/8 at 150 1/8. "Everyone is suddenly very bearish after being so wildly optimistic," said Owen. In addition, growth of the US economy for the last quarter of 1998 was announced to be 6.1%, the best quarter in about 15 years. That is bound to bring worries of a short term interest rate hike by the Fed since generals always prepare to fight the last war, in other words, inflation. And now a question for our pals across the pond. When Reuters says They must choose between cocking a snook at the European Union by hanging Ocalan, or going against the grain of public opinion by sparing him. Is that what we yanks call flipping the bird; that is, an impudent gesture? Charles