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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (21370)	6/4/1999 3:32:00 PM
From: Clint E.	Respond to of 67816

Thanks Harry. >>>>Strength in the telecoms I think is positioning for SuperComm next week. I am more interested in what happens after.... WCOM's bullish comments a few days ago helped too.

To: Johnny Canuck who wrote (21370)	6/4/1999 11:38:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67816

Institutional Push on AMAT contributed to the SOX strength. Recent improvement in semi BTB the last two reports, with announcements of increase capital spending contributing. LTD made a new high with good strength in retail sector(SHOO, BEBE). Volume break out in first, second and third tier stocks(LU, IFMX, AMAT) *************************** thomsoninvest.net 04-Jun-99 11:44:09 SG Cowen is talking up Applied Materials today - noting that the firm's visibility is "about as good as it gets." Cowen rates AMAT as a "Strong Buy." Shares of AMAT have bounced between the low $50s and mid-$60s since early March as investors seek out clear signs regarding the future of chip market. In today's trading, AMAT has jumped $3 to $60 1/4 on a mix of institutional and retail buying. Approximately 30% of today's trading volume has resulted from block trades. The stock's trading patterns and pre-trade AutEx data suggest that institutional brokers are mainly executing on behalf of the firm's house trading accounts, rather than institutional clients. The same firms that we have seen entering super bids are also entering super sell messages in an effort to capitalize on the stock's volatility.