WALL STREET, NEXT WEEK

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WALL STREET,   NEXT WEEK: June 18 2001
FINANCIAL ASTROLOGY FOR THE SUCCESSFUL INVESTOR AND TRADER

1. MARKETS
2. UP STARS/DOWN STARS
3. ASTRONUT
4. QUOTES
5. ON THE WEB
6. LETTERS

1 2 3 4
Having given up on the second and third quarter, some companies and Wall Street analysts are now hinting at a recovery in the fourth quarter of 2001. This "appears" to be true given the second pass of Saturn-Opposition Pluto November 2, 2001.  Economists should note however, that the third and FINAL pass does not come until May 2002.
So despite the last important 2001 A Day coming up, I continue to advise caution.
Slowly raise cash allocation in your portfolio and Trade more.

B (BEAR) DAY
Our market recommendation will be to closely stop or sell intermediate term holdings. While it is true that MARKETS LIKE TO CLIMB A WALL OF WORRY, still I am worried, and will be switching from a currently neutral (balanced) to bearish stance until at least the ides of July.
After B-Day, we are more bearish, naturally.  

STOCK PICKING MATTERS
It’s stock picking time folks. While 75% of a stock’s price movement can be attributed to the direction of the overall market and its sector members, stock picking WILL matter.
We expect to see a significant out performance of star picks such as C and IBM over sector dogs JPM and HWP. It matters what stocks you own, even more than the sector.

Summer Solstice Eclipse 7:58 am June 21 ahead: RAISE CASH – TRADE MORE

KEYDATES:       June 18, 19, 21
DJIA:                   S1 10650, S2 10500 S3 10350  R1 10800  R2 10880  R3 11000
NASDAQ:           2022 Pivot
US BONDS:        Continue distribution
JUNK BONDS:   Selective buying
UK:                      Selective buying

Honeywell (HON) seemed like a no-brain buy at 37 on Thursday and again at 36 on Friday with a P1 trading target of 41 and 12-month investing target of 45+.  I don’t believe Jack will give up so easily.  But if he does, this is stripped to be a take over target and ripped apart as meat for several aerospace giants, GE included.

S&P says DEUTSCHE TELEKOM outlook is negative.  We think that is both old news and built into its price. Deutsche Telcomm (DT) has a current yield is 7% and a potential return of 10-15% on Euro currency appreciation alone. This is a long term buy with a 12 month target of 25-30.

3. Stavanger police, as I am sure all WSNW readers know, have imposed a rule that all bars and pubs must have bouncers on the weekends to prevent trouble.  Odd Noreger, owner of the Skjenkestuen offered the job to his oldest regular guest Marta Aurenes, a 91-year-old great grandmother. Aurenes doesn't expect any trouble, although she has been working out with weights three times a week and will go through a required police training course for bouncers.  "It's an advantage that I know the guests. Everyone is so nice that I want to tell all grandmothers and great-grandmothers who don’t feel secure out on the town: come here to a safe place." Given that Norway seems both safe and rich with Oil exports, we are inclined to rate the OSLO Total Share Index an outperform. The leading company on our Nordic watch list obviously remains Norsk Hydro (NHY).

4. "There's a growing optimism that we've pretty much hit the bottom, so people are not really paying attention to the (bad) news. They've already taken it into account and now it's time to look forward and they think things are going to be better."
Edgar Peters, chief investment strategist, PanAgora Asset Management
HW: Most investors simply don't pay enough attention period. Short term things will be better. Later in the month however....

"Everybody is kind of sitting around now waiting for the good news."
Barry Berman, head trader, Robert W. Baird
HW: I hope this is not going to like “Waiting for Godot”!

“Expect a rash of downgrades to analysts’ forecasts for 2002….any analyst who believes 2002 will match 2000 for the technology industry as a whole should be dispatched for with to a funny farm.
Financial Times Lex Column
HW: I wonder which “funny farm” stocks there are to buy?

5. Here is a link to view the solar eclipse on the net:  SOLAR ECLIPSE:  http://www.exploratorium.edu/eclipse/]
Stories From the Path of Totality

The Looming Fiscal Threat From Falling Stock Prices [http://www.dismal.com/thoughts/mz_th_021401.asp]
states oneof the future problems we have been warning and worrying about since last year.

6. READER: Should we read anything into the NYSE failure today on the summer market marker day [June 8th]?
HW: EARLY SUMMER ZEITGEIST: Earning Worries continue and NYSE closed for part of the morning as computer malfunctions caused technical problems that were preventing traders from seeing prices properly.

READER: Subject: Marketmarker - day June 8 the values of this day were very bad. What time span is to be considered with this marker day?
HW: We use this as a clue to the psychology of the market in the absence of specific news for much of the summer.

READER: My point is... there is too much leverage, the real estate market is imploding quietly, beginning with the West Coast this time, then moving to the East. This is the opposite of the post 87' party... We all know how that one turned out.
HW: Yes, with my successful timing forecast of the Real Estate bubble bursting.  Still, while currently markets have topped, I am waiting patiently to buy a larger New York apartment as soon as I get my $600 tax refund check, which I will use to make my down payment! ;)

READER: You might want to check the "garbage" posted at your Cadbury link!
HW: We had a technical problem with posting their efax format.  We are now posting it in .tif format, which is readable by both Netscape and Microsoft browsers.

READER: Subject: bankruptcy play There is one-EPIQ.  I own a little.  It has high eps and rel. strength.
HW: We discovered EPIQ too late.  We had the right idea, but the move we looked for already happened, i.e. its triple since the beginning of the year.  I would slowly distribute it, not buy more, if we owned it now.

READER: I spent some time Friday reviewing your book [INVESTING BY THE STARS] looking for a hint about gold.  All I came up with was a fundamental potential whereby in the past you figured easing fed policy would lead to inflation and then put buying pressure on gold. I think this may happen again.  But did not see an Astrological reason behind your timing nor do I now.
HW: As far as you went, your reasoning is correct. However, I have yet to give out my “golden” secrets
[We called the DAY Gold went to $400, reversed at $418 etc].  Perhaps in Volume II of my TRADING BY THE STARS J

READER: I'm a new "silver" subscriber, having difficulty navigating your site.  Please advise how the Thursday a.m. phone message can be accessed.
HW:  Simply click AFUND MARKET COMMENTARY found in our Trading by the Stars post.

READER: I've invested about 5 per cent of my portfolio, but was considering taking out a larger position after checking out show home in Vancouver sometime this summer. (My fear has been the concept sounds great, but what if the place feels like a cardboard box, or a concrete prison, and no one wants to buy one What do you think?  Am I already exposed enough (at 5%), or are you confidant enough in the stock to advise taking a larger position?
HW: I initially shared your concern regarding IHI* housing until I visited their show home.  I personally found it quite beautiful, a view shared by almost all visitors. However, I cannot answer your question, which is the province of a money manager. Obviously I believe strongly in the company and its future.  I am also aware of the importance of money management. How much risk for how much reward is a decision I cannot answer for you. I can say that IHI is often at the upper end of allocation for speculative investments in portfolios I personally manage. Naturally everything depends on the objectives of the portfolio and its other components.

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Subscribers please send your comments, questions and suggestions to Letters.
Silver Investing subscriptions $360 one year; $600 two years; new  subscribers 3 month $125.
Gold trading subscriptions $1500 one year; $2500 two years; $500 Quarterly.
Platinum edition for money managers $7500 per year; $2500 quarterly.
Institutional rate is $2500 per month.

"Can you afford NOT to have financial astrology in YOUR future?"
Stop reading Wall Street, Next Week, last week:  YES,I WANT TO SUBSCRIBE
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PAST WALL STREET NEXT WEEK REPORTS
Thursday, listen to our ABS radio program   TRADING BY THE  STARS.
(c) 2001 All rights  reserved.   The Astrologers Fund  "Always a Stellar Performance"
wsnw@Afund.com 212/949-7211 Fax 212/949-7274 370 Lexington Avenue, Suite 416 New York, N.Y. 10017-6503
Author: INVESTING BY THE STARS, THE STUDY OF ASTROLOGY,TRADING BY THE STARS (01)
May 17-19, 2001 Tenth Annual Astrology & Stock MarketConference  NYC                      
DISCLAIMER: PAST RESULTS ARE NOT NECESSARILY INDICATIVE  OF  FUTURE FORECASTING ACCURACY OR PROFITABLE  TRADING  RESULTS.
INVESTORS ARE REMINDED TO PERFORM THEIR OWN DUE DILIGENCE BEFORE MAKING ANY INVESTMENT DECISION. ALWAYS INDEPENDENLY INVESTIGATE AND FULLY UNDERSTAND ALL RISK EFORE MAKING ANY INVESTMENT.
The Astrologers Fund Inc. Accepts No Liability Whatsoever   For Any Loss Arising  From Any Use  Of   Its Report Or It's Contents. The AstrologersFund Inc. Or Its Clients Usually  Holds Positions In The Stocks and/or MarketInstruments Mentioned And May Buy Or Sell At  Any Time Without Notice depending on market conditions and personal  financial conditions.   This InformationIs  In No Way A Representation To Buy Or Sell Securities,  Bonds,  Options Or  Futures. This information  is not intended to be used as the sole basis of  any investment decisions,  nor  should it be construedas advice designed to meet the investment needs of  any particular  investor.
ALWAYS CHECK WITH YOUR LICENSED  FINANCIAL PLANNER OR  BROKER  BEFORE BUYING OR SELLING ON THE RECOMMENDATIONS  OF  THE ASTROLOGERS FUND  Inc.
* IHI is an AFUND client.
** We will be reporting on Cancall (O.CCCA) aka Screenphone in July. This is a company that I received 2 million shares (free) with 10 million additional shares optioned at .02. I have also bought in the open market for clients and myself. Naturally I am MOST eager to see them become VERY successful.
          
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