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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (9779)	4/4/1999 1:22:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

Exactly..... That's why I'm long a pair of SP contracts and four bond contracts.....<g> My Best. GZ

To: StockOperator who wrote (9779)	4/4/1999 2:51:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>>Besides when I consider the narrow breadth I always try to remind myself that this small group of companies are revolutionizing the world<< That would ring true if these companies were performing well but unfortunatelly I don't see that. What I have noticed is that many of these companies that continue to climb aren't doing revelutionary work for the future, they aren't firing on all cylinders, meeting earnings or anything positive for the world. They are rising simply because they are heavily weighted on the indexes and can hide the fact that 20 stocks are falling that day by rising a point or two due to their weight. IBM is almost double what it was last year despite admitting they lost 1 billion dollars trying to sell PCs, server sales dropped and servicing revenue failed to climb as expected due to Y2K drawdowns. They went up to mask the other techs on the index dropping and foreign investment money has heard of Big Blue so they bought it. K had amiserable release but everyone has heard of Kellogg. Foreign money moved into this market as a safe haven while the american money pulled out as we discussed a few weeks ago and they stick with names they have heard of and the biggest caps so they can move a lot of money in and out like a big fund. No matter if PG, IBM, MU, etc are slowing, losing share, they go up because the are heavily weighted not because they are shaping the future. If SUNW has their way, you won't need a true PC anymore. All your software, files etc will be on a server and you will access like a thin client in an office does now. I will agree that there are a few that fit your description like EMC, possibly a few of the internets although many of these internets plays will disappear in the future and some teenage kid operating out of his garage right now will turn out to be the true winner of this transition in technology. Remember it is not IBM that owns the software on those PCs across the world but a kid that dropped out of college, left IBM and started a small start up company called MSFT. The fed begged AT&T twice to take control of a new communication system called the internet but T saw no future in it and turned it down both times. The leaders of today often don't have the future in mind. It is often some kid none of us know about that will be the one we will be wishing we bought tomorrow that will truely change the future. Good Luck, Befuddled <ggg> (I like that!!!)