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Pastimes : ASK Vendit Off Topic Questions

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To: Venditâ„¢ who wrote (17764)1/3/2001 9:26:26 PM
From: Guardian  Read Replies (2) of 19374
 
This is an Interim Wall Street Digest Hotline for Wednesday,
January 3, 2001, at 6:00 p.m. EST.

The Fed surprised everyone and cut the Fed funds rate by half a basis
point just after 1:00 p.m. EST. The market soared, per our forecast.

The Dow Industrial Average soared almost 300 points, closing at
10,945. The Nasdaq Composite soared almost 325 points to close at
2,616. The Nasdaq posted its biggest one day percentage gain in
history; volume was also the largest in Nasdaq history at three
billion shares.

Here are the best stocks to purchase immediately:

CIEN CIENA
AMCC Applied Micro Circuits
CSCO Cisco Systems
EMC EMC Corporation
NT Nortel Networks
SEBL Siebel Systems
AVNX Avanex
FLEX Flextronics International
PMCS PMC-Sierra
ADCT ADC Telecommunications

BRCM Broadcom
BRCD Brocade Communications
GLW Corning
JDSU JDS Uniphase
JNPR Juniper Networks
NTAP Network Appliance
SCMR Sycamore Networks
IRF International Rectifier
BEAS BEA Systems
STXN DMC Stratex Networks

The following stocks were also highlighted in the December and
January issues and should be purchased immediately:

CEFT Concord EFS
PSFT PeopleSoft
SSSS Stewart & Stevenson
VRSN VeriSign

Sell all government bonds and all corporate bonds now because
stock prices will rise much faster than bond prices now that
the Fed has cut interest rates.

The next Hotline Update will be Friday, January 5, 2001,
at 6:00 p.m. EST.
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