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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 38.44+0.7%Nov 10 3:59 PM EST

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To: William Hunt who wrote (26310)8/2/2000 1:33:29 PM
From: Sonny McWilliams   of 27012
 
Hello Bill. You are right about those people on TV if some of those numbers are going lower. BTW, those analysts and commentators are already waffling between a growing economy after this qtr or a lower economy. Take your pick.

Yes, I had been on Larry Kudlov's side all along. Leave those interest rates alone. We just don't need the help we got in 87 and again in the 94? area. The FED was too slow to adapt to the productivity numbers imo. And then, of course, they added all this liq. to the market in fear of a Y2K disaster. Now they took it all back plus and it generally causes more havoc when you cut the purse strings after you get used to spending. Core inflation was never a factor so the FED could have stayed out. The economy would have worked things out on its own. But like I always say: This is my opinion. I don't get those big bucks to sort it all out.

Talking about talking heads and analysts. Dell is under fire in the last sev. weeks. Some sore dellheads threatened an analyst some weeks ago when he downgraded Dell. Now we had a downgrade yesterday and another downgrade today. This Kumar moved Dell from a strong buy to a buy and it's almost down 2 today. It was down over 2 yesterday on yesterday's downgrade. You would think that would have been enough. But when those analysts downgrade stocks on diff. days, the stock gets hit almost every day. No wonder people are getting upset with those dumb analysts. Talking about us following the herd. I believe its more those kind of analysts. Once one says something a lot of others follow. Sheesh. You can't win lately in this scenario. What the heck is a downgrade from a strong buy to a buy? It's still a buy. So if Dell does not grow 30% it's still better than 5% elsewhere. I still think that a strong buy should be outlawed. Call it a buy, market out perform, hold or sell. All this other crap is for the birds. They are just playing games with individual investors.
All this is not happening to Dell alone. Those analysts seem to be taking one stock after another down lately. Like you said: Some of the funds have not done too well lately and I guess by downgrading stocks, after you probably sold, you can pick them up cheaper. This is my same old thought. Games people play. Dell is in a quiet period. They should release cos. from a quiet period when analysts go after their firms. Again. Not to say that Dell will have a slower growth but why wait until the quiet period to tell us?

Anyhow. We know what's up. Analysts are playing the rotation game. Makes for good commissions and bonuses I guess.

Sonny
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