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To: Terry Whitman who wrote (11988)	4/25/1999 7:42:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

Saw you guys discussing this on Mike Burke's thread. Also saw your discussion of IBM's sales being off 20%. My question is was their improved earnings 100% smoke and mirrors through stock buy backs on borrowed money or was some made up in services. The reason I ask is I love to trade a services firm that has been shot in the head numerous times in the last 9 months but refuses to die since fundamentally they are a good company. Y2K fears have killed the sector but money will surely move back in eventually and while I think it may not be until after the new year passes and they show that they can still make money, the early bird gets the worm of course he also freezes to death sometimes because it is still too cold. <g> TIA and good luck, Lee PS - Off topic but for some reason this remonded me of some of the discussions on this thread and caught myself giggling. Sunday April 25, 7:00 pm Eastern Time Enjoy the flight -- we're not crashing after all LONDON, April 25 (Reuters) - Nearly 400 British Airways (quote from Yahoo! UK & Ireland: BAY.L) passengers flying from San Francisco to London got the fright of their lives when a recorded message mistakenly warned they were about to crash into the sea. The airline apologised for the incident on Sunday, saying cabin crew on the Boeing 747 quickly told the passengers that the crash landing message was incorrect. But two elderly passengers suffered anxiety attacks and had to be helped by a doctor who was on board the flight at the weekend. The recording told the 391 passengers to prepare for the crash landing about three hours into the flight. The plane went on to land safely at London's Heathrow airport on Saturday. ''We realise how distressing the incident was for our passengers, and we do apologise to them,'' a British Airways spokeswoman said. ''Clearly, this should not have happened and we're treating the matter very seriously. An investigation is under way. We do not know (the cause) yet, but we know that it was not a technical fault with the system,'' she said. The airline said it was too early to say whether passengers would receive any compensation. biz.yahoo.com

To: Terry Whitman who wrote (11988)	4/25/1999 8:08:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Terry, what's the gist of the article? is it skeptical of the market's rise or is confidence expressed? if it reflects complacency, let me say that such covers precede important tops by 2-4 weeks. business week is historically a very important contrary indicator. regards, hb

To: Terry Whitman who wrote (11988)	4/26/1999 2:01:00 AM
From: Oblomov	Respond to of 99985

That's nothing - this month's Money magazine has the following caption: "EVERYONE IS GETTING RICH!" Oh well, to their credit, they do have a column by Jim Grant. AA

To: Terry Whitman who wrote (11988)	4/28/1999 10:11:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

TW, thanks for the heads up on the businessweek cover. The last time a bull was on the cover of the rolling stone -g- was April 98. Still trying to figure out the wave count in the NUTZ, because i believe this is the key, now that AOL's market cap is near American Telephone and Telegraph. I REPEAT Telegraph -g-. New Era? -g- It's possible that we made an orthodox wave 5 top in January on the NUTZ and that we are having a B wave into the April top (similar to the B wave to the August 1929 top) The market is very segmented with traders loading up on oex putz and nutz and techs calls. Tech looks in trouble, i bought dell on last weeks dip and watched it rally on half volume and excellent news (ibm and market share) i stopped out on monday. nets are all selling off on "good news", all priced in? The Rut has a very clean five wave count off the 3/23 low and is finding resistance at the June 98 lows, i would expect a consolidation here or a sell-off soon in the rut. Major oils have broken out of two year bases on big volume and gaps and have sucessfully retested which adds another piece to the puzzle. did any of you net nutz see the nice triangle on AA it broke out of this week -g- bb