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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (6483)	8/5/1999 12:31:00 AM
From: Berney	Read Replies (2) of 11051

MG, Boy, I really don't think I've ever seen you so bearish. I see about 1% more downside to OEX 665. Everyone is waiting for the employment report Friday. I'm convinced you'll see the importance of this report in the last half hour Thursday. I expect we get our rally on this news. The killer, as I see it, are the next CPI numbers, which I assume come out about next Wednesday. The last CPI caught a sweet spot in oil. This one will not be so fortunate. It is going to be a tough month until the fed meets, but I do hope your projections are flawed. I've got some work to deal with in the next week and a half, so I probably sell the next rally and sit back and wait for the fed meeting. I'm down about 2.5 points on F. Talked to an individual this evening that is in EGRP, NTBK, and Beyond.com. He made me feel foolish for feeling bad. It is interesting that the Clinton administration killed the Drug sector when they came in, and looks like a repeat on the way out. PBTB

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