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Technology Stocks : Amati - MAIN THREAD

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To: Thuy Pham who wrote (578)	7/7/1996 9:02:00 PM
From: Zbyszek	of 700

Copied from the PRODIGY(R) service 07/07/96 20:39 NYSE Recap Stocks sold off sharply Friday as a stronger-than-exected job report poured gasoline on inflation fears and sent the bond market up in smoke. ... Robert Wibblesman, portfolio manager at Strome Susskind Inc. in Santa Monica, Calif., said the market's decline was a shock to everyone's psyche. He expects further selling as investors adapt to the outlook for higher interest rates. Wibblesman expects continued problems with personal computer and semiconductor stocks. But he likes stocks with a play in communications involving band-width and speed. "I think the actions of your portfolio should dictate your cash position," he said. "You should weed out stocks not working well. I'd lay off the market until there's an end to the selling. Those stocks that afterwards emerge into new-high ground could be good candidates to buy." ... Good luck everybody.Z.

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