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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Yaacov who wrote (25858)4/12/2000 3:03:00 PM
From: Sonny McWilliams  Read Replies (1) of 27012
 
Yaacov. About these guidelines. Yes. They are provided but I don't believe they have to be adhered to. Actually anyone can qualify for an analyst nowadays. But in defense of Joe Kernan. He used to be in the chemical industry and then changed jobs to become an analyst. Probably to begin with in the pharmas. But he WAS an analyst before coming to CNBC. I guess that makes him just as qualified as some of those other so called analysts.

But yes. CNBC is going bad. They will have a segment on tonight about stock bashing in stock forums. Hm. Interesting for them to report on this. gg. Mostly bears on when the market takes a hit. They never get that excited when the markets go up, unless they keep broadcasting: How long can this keep up? I still keep CNBC on as background music when I have the chance. Not to learn something, just to see what they are squawking about.

Bonds are down today. I guess you did the right thing. Being low on margin or being out of it, is not a bad idea with these goings on.

I am pretty sure the NAZ will come back soon. Sure hope we don't have to wait a cpl of months for the techs to resume their leadership. Even Csco is getting hit again.

There are some hearings in Congress with Joel Klein etc. about why the DOJ has brought the suit against Msft and what they are thinking of in terms of remedies. Joel Klein said something like: We are kind of forward looking when it comes to remedies. That could mean a lot of things. He was asked again how it came about that they were targeting Msft. Questions like: Did someone complain? Who complained? When did they complain? Now or even years ago? etc.

I came away with the idea that the DOJ and the States Atty's are not in the same boat when it comes to remedies. I am sure that the States would like to get money and more money.

In any event, I thought it was interesting to see Msft discussed again on the Hill.

Still have not bought back into Msft after my sale at 111, but, it is getting tempting now that this funny analyst at GS came out with his funny revelations on how he came to the decision to downgrade Msft, or whatever this call was, after Msft has already dropped about 1/3 from this years high.

NAZ is plunging again. If it goes back to 3850 again, it would have made a triple bottom at this point today. Maybe that would move the NAZ up some. But if it does not hold, I guess next stop 3750 is the talk. And then 3650 and that would be revisiting the low of last Tuesday. And most TA guys think THAT should be the bottom then. I hope it does not come to that again.

Sonny

PS. Well, we just went below 3850. Sheesh.
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