Alcatel (ALA) and France Message Board

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Technology Stocks : Alcatel (ALA) and France

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To: Steve Fancy who wrote (1782)	5/15/2000 7:05:00 PM
From: Tony A. Matthews	Read Replies (3) of 3891

Steve. Here's an optimistic opinion from a Yahoo poster regarding tommorrow's CPI & FOMC announcment. messages.yahoo.com Sykes Near Term by: oldpruguy 5/15/00 5:41 pm Msg: 3883 of 3885 I am optomistic about Tuesday. I feel the CPI numbers will come in with a core rate of .2% and the FOMC to come out with a 50 point raise. However, I also expect the FOMC to issue a "neutral" stance on the future. If those conditions are met, tomorrow is going to be a wild ride up. I am sitting on 50% cash and I should be zero cash by tomorrow afternoon. I expect 2 REALLY good days before some profit taking occurs. I don't have a lot of long term investments, like Sykes, on my watch list right now so I'll probably do a number of short term plays that ride consistently on the overall NAZ coattails. In looking at the recent dismal volumes - there is probably 2-3 trillion dollars on the sidelines right now that will be dumped into the market if conditions turn out well tomorrow. In fact, if the FOMC only raises rates 25 points tomorrow, I think the market will view that negatively. Also, the core CPI cannot exceed .3%(March was .4%)for the market to take off. Anyway, Sykes is building it's new base here in the lower 20's and once we break out, I expect to see 28 within a week, IF we get the favorable economic results outlined above. I also expect some of those sideline trillions not to all go into past Tech favorites (although they will get a disproportionate share) and some of that money will be more widely distributed hitting companies like Sykes and also flowing back into the health sector. Anyway - keep your hats on tomorrow and enjoy the ride - it will be a great spring day.(no pun intended).

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