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

To: Copeland who wrote (9582)	3/3/1999 8:35:00 PM
From: AlienTech	Read Replies (2) \| Respond to of 43080

>>We do not agree with the bulls on many points but we do concur wholeheartedly that momentous leadership from the technology and financial sectors has for years been the real engine powering this historic bull market. Coming out of the brief bear market back in late 1990, the NASDAQ 100 traded at about 170. Just last Wednesday the NDX traded at 2055. Back in October of 1990, the New York Stock Exchange (NYSE) Financial Index traded at about 100, while mid-day yesterday traded above 535. Obviously, both groups have had tremendous gains during this long bull market, and both groups have led the market during the past few months. Indeed, the NASDAQ 100 traded as low as 1063 on October 8th but proceeded to double in price in less than four months. The NYSE Financials traded to 379 on October 8th and gained almost 40% in three months. << So how is his fund doing?

To: Copeland who wrote (9582)	3/3/1999 9:49:00 PM
From: SteveDavis	Read Replies (1) \| Respond to of 43080

Copeland, Nice post and very well written. Sounds a lot like poor David Tice of Dallas. He is a very strong bear and has all of the statistics and data to prove his point beyond a shadow of a doubt that the world is indeed coming to an end. Of course, the fact that he has been saying the same thing for the past 4 years has stretched his credibility a little bit. I would like to know exactly who has warned of "slowing PC sales" that everyone seems to take at face value? DELL is growing 38% and CPQ said under their expectations and GTW was upgraded. The head of CompUSA said his sales were fine so who is warning of slowing sales? There may be a question of profit as the price comes down but the number of units seems to be going up not down. Best of luck to you Steve Davis