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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Glenn who wrote (15787)3/7/1999 9:23:00 PM
From: Junkyardawg  Read Replies (2) | Respond to of 90042
 
I was thinking the same thing.
I would not buy on the open for all the tea in
china.
I was curious about Dell.
I wonder how it will react to the split.
Up or down?
dawg



To: Glenn who wrote (15787)3/7/1999 10:46:00 PM
From: Waldeen  Read Replies (1) | Respond to of 90042
 
Glenn, telcos are good, I added more T (AT&T)
as a position play last Fri. morning. Looking for a breakout
above 90.

I am uneasy about the tech trend, as it looks to me like the DOW has
been catching up to the Techs last week. Tim's call on Dell last
week was good, but I opted for more T instead; in large part since
it is a major component of the DOW. Didn't have the cash to play
both, so far DELL has done slightly better.

T, they have completed their acquisition of TCI, and will likely
float a bond issue to pay for the acquisition. Will paste that below.

I see a lot of "hyping" of ATHM lately on SI. Personally, right at this point, I like T better than ATHM and would suggest people
look at is as a more conservative play on ATHM, at this point IMO,
given the linkage of these two and lower PE of T. If the tech bull
market continues, ATHM may well out pace T. But on the downside,
T will protect my b*tt better. The question I have is what happens
when the DOW catches up the the techs, percentage wise YTD? Does
the whole market continue upward, techs too? Right now, I'm
looking for DOW stocks, as they seem to have more momentum IMO.

still cautious on techs,

Waldeen

Compiled by CBS MarketWatch
Last Update: 4:56 PM ET Mar 7, 1999

cbs.marketwatch.com
NEW YORK (CBS.MW) -- AT&T (T) is expected to float a $10 billion bond to finance the acquisition of holding company Tele-Communications Inc. The state of the U.S. bond market indicates demand for the bonds should be high, The Financial Times reported. The domestic multi-tranche offering may follow that of MCI WorldCom (WCOM) which offered $1.5 billion of three-year paper, $600 million of five-year paper, $2.25 billion of seven years and $1.75 billion of 30-year. As bond yields have been rising, many companies have delayed raising money, said Chase Manhattan's telecom analyst Tom Aust. It's a factor which has increased the amount of cash investors have to buy new bonds.