Robert, sold 1/2 of my nnds @102. That was a pretty good IPO stock not long ago.
Btw
Did you see what they did to P&G? Wow what a haircut!!
>
New York, March 7 (Bloomberg) -- Growth investors, including Trent May, who leads the $1.75 billion Invesco Blue Chip Growth Fund, have been selling blue-chip stocks like Coca-Cola Co. and Procter & Gamble Co. and using the proceeds to buy expensive, but fast-growing technology, telecom and biotech companies, the Wall Street Journal's ``Heard on the Street' column reported. While there's nothing wrong with fundamentals of retailers like Wal-Mart Stores Inc. and Home Depot Inc., fears of higher interest rates and a penchant for the growth rates of technology stocks have driven investors to so-called momentum stocks. May, who still owns a good amount of Wal-Mart though has sold out of Coke and Procter & Gamble, justifies buying the smaller, hotter companies because they have ``potential to become mega-cap companies,' the paper said.
U.S. interest rates will have to rise further to keep the economy from overheating, Federal Reserve Chairman Alan Greenspan said yesterday.
Mar/07/2000 8:15 |
