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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 48.76+10.9%3:59 PM EST

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To: Frank Ellis Morris who wrote (25111)1/6/2000 4:19:00 PM
From: Sonny McWilliams  Read Replies (1) of 27012
 
Hello Frank. Yes. It is another bloodbath if you own NAZ, telecoms and internet stocks. Some of those analysts should be taken out to the barn and left there gg for opining like this on stocks on a day like this. What nonsense jabbering especially when you still have a buy rating on a stock and call it dirt cheap and the best stock in our universe. I think some of those guys need their brain examined. I am not saying that he should not be trimming estimates if he feels it necessary, but why on a day like this when the NAZ is already jittery?

biz.yahoo.com

And of course other analysts are jumping full force on the bandwagon of bashing stocks when the chips are down a bit.

Yes. There was a lot of commentary with the appointment of Greenspan. Strictly political having it done at this time imo. I think WS wants him reappointed but he is giving out so many confusing signals that you are beginning to wonder. At one point he is all for this new paradigm of productivity and in the next breath he is back to that good ole Philips curve.

Who knows for sure what he will do with those interest rates. I am hoping he will keep his fingers off it. We are having already pretty high rates now and another rate hike could put us over the top. If he hikes rates at the next meeting, it will not stop those interest rate hike pundits. They will look for another increase the day after, if not sooner. They are saying that he has only taken the last 3 interest rate cuts back so far. How soon they forget that he raised the rates at one time over 7 times. He has not given us those back yet. Well, we shall see. Hopefully he thinks the way I do. gg. He did at the last FOMC meeting.

Not getting out of Legato last Friday and going into JDSU does not look that bad today.

Here we go again. I guess we have to hope for tomorrow that less people are getting jobs. What a screwed up situation.

At least the NAZ did not end up at its low. DOW did great if you have stocks there.

Sonny

PS. Forget what I said about the NAZ not ending up at its low. When I just posted this my screen showed 102. Now it's down 150. That was a sudden big drop. Wow. Even Intel is now down almost 5.
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