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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 54.26+11.6%Jan 21 3:59 PM EST
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To: Brian Malloy who wrote (25817)4/10/2000 7:02:00 PM
From: William Hunt  Read Replies (1) of 27012
 
Brian ---First we had ABBY two weeks ago today --then the next day the gentleman from Templeton international funds telling us that the internet stocks were overvalued ( where has he been for the past two years ) ---then on Wednesday the Richard Cripps from Legg Mason calling for a twenty per cent correction .
The next week we had the Judical moron rule on MSFT ---then Richard Cripps saying we needed another 15 % on top of the twenty per cent correction . Then on Friday Gail Dudack saying we needed to retest 3600 again and that the FED would raise interest rates by another 1% . Then today with Merrill leading the way we had four more houses down play technology even though earnings are up 28% for the qtr . Mccabe has been so wrong on the techs for the last three years I have to believed that he is overpaid and believeds the internet is use in volleyball .
If this is not a herd mentality it is at least an orchestrated effort to buy Techs on the cheap . This is defintely a contraian view for the future of techs .
Still long

BEST WISHES
BILL
PS ---Who in the hell would buy financial stocks if interest rates were truly going up 1 % the rest of this year ?
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