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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Bill F. who wrote (54321)4/1/1999 10:12:00 PM
From: Lucretius  Read Replies (2) | Respond to of 132070
 
don't know, bill.. I gotta bad feelin (then again.. that's usually when I have my best trades -g-) Yen needs to start truckin pretty soon or it could be that the Japanese are willing to print away their purchasing power to keep this charade of exporting stuff to us for US paper that Al is so willing to print up.

I'm hoping that the numbers in the morning get things moving....

We still have to sink AOL and MSFT. These two floating tubs of lard aren't even taking on water yet. -s-



To: Bill F. who wrote (54321)4/2/1999 1:43:00 PM
From: Lucretius  Respond to of 132070
 
Looks like foreigners trying to get in early and play, looking for my move in the currency, perhaps? I've never seen foreigners buy a true bottom in droves -ng-

a nasty tankan survey on Mon could bring in more yen short sellers and give us one final spike in the dollar before the collapse.... (let's hope -g-)

Nikkei ends slightly lower on 'tankan' caution
By Fiona Graham

TOKYO, April 2 (Reuters) - Tokyo stocks closed slightly lower on Friday as foreign buying failed to keep the market afloat against repeated bouts of selling following Thursday's three percent rally.

Traders said investors are taking a cautious stance ahead of the weekend and of the Bank of Japan's March ''tankan'' survey of business sentiment to be released on Monday. The benchmark Nikkei 225 average lost 37.37 points or 0.23 percent to end at 16,290.19. June Nikkei futures stood 40 points higher at 16,370. Broader indices also rose.

Analysts said a negative tankan could dampen recent optimism due to the growing number of companies announcing restructuring plans.

''Our view is that the tankan will be bleaker than a lot of people think,'' said Martin Foster, a senior analyst at Standard and Poor's MMS. ''I have great doubts whether the Nikkei should be at this level.''

A total of 614.58 million shares changed hands on the first section of the Tokyo Stock Exchange, against 725.98 million shares on Thursday.

Buying came mainly from foreigners and domestic pension funds with new funds to invest in the 1999/2000 fiscal year.

''There was a lot of foreign buying today in a broad range of issues,'' said a salesman at Salomon Brothers, citing Softbank Corp , up 820 yen or 6.13 percent at 14,190, Advantest Corp , up 460 yen or 4.66 percent at 10,340 and Honda Motor Co Ltd , up 80 yen or 1.44 percent at 5,620.

Restructuring stories remained the focus among individual issues.

Mitsubishi Electric Corp gained 15 yen or 3.45 percent to 450 in heavy trading volume, continuing its rise since Wednesday when it announced a three-year restructuring plan.

Fujitsu Ltd added 82 yen or 4.28 percent to 2,000 after rising briefly as high as 2,030, a record high, in heavy trading volume.

The shares have gained in popularity since the high-tech manufacturer's purchase of Nissho Iwai Corp's 50 percent stake in Japanese online service operator Nifty Corp, traders said.

Among broader indices the TOPIX index of all first-section shares advanced 3.73 points or 0.29 percent to 1,304.17. The Nikkei 300 added 0.71 point or 0.27 percent to 262.33. The second section index was 38.65 points or 2.40 percent up at 1,646.25.

Decliners almost equalled advancing issues at 614 to 601, while 108 issues were unchanged.




To: Bill F. who wrote (54321)4/2/1999 2:00:00 PM
From: coachbobknight  Read Replies (1) | Respond to of 132070
 
bill...did you ever meet one of my proteges, bobby bender??

too bad he bolted on the huskies to head to vandy...

have been a fan of yours for awhile...i only wish you had recommended gnet in barrons 18 months ago<instead of 8x8>...

2 thoughts on the 'net crash that is coming...possible triggers

1)FASB and their proposed rule change<yep, the one that has Chambers of cisco quaking>...pooling and HUGE writeoffs of in-process R&D...would be tougher to get away with...Athome/excite, Yhoo/gcty, and Yhoo/bcst could all be endangered if the FASB has its way...

2)the dirty secret of yhoo is brought to light<instead of the 38 million UNIQUE and registered users that yhoo claims...the TRUE number is probably closer to 8-10 million...MANY, MANY of us have multiple registrations on yhoo...i have over 200 unique and different email names with yhoo...(to explain, most free downloads last only one week...and so i create a new identity each week<fake name, etc.>...)

your thoughts...especially on the proposed FASB change...will this change be accepted in your opinion???

yours with a chair,

coach knight

PCs are almost free and access is getting there...check NETZERO.com

intel, gateway, dell, aol<< they will all suffer fates worse than my players...>