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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 44.06-3.2%3:59 PM EST

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To: Sonki who wrote (7633)8/15/1997 7:36:00 PM
From: Frank Ellis Morris   of 27012
 
Sonki, I stated my immediate feelings about the market last weekend as I was very much troubled by the Dow's action last Friday. I also did not like the fact that so much good news this week failed to cheer the market or rally investments. In the short term I think we are having a sell off bias and a correection as we could really feel the storm next week. I will have to ask you to please think about this over the weekend especially since you are involved with many leap options. I feel that there is no way in hell that the fom can raise interest rates next week and in fact, they had better even considering lowering them as this may be the only saving grace the maket may have for the time being. I would look for some real convincing evidence that the buying interest returns before going after anything as your constant vigilance permits you to have a moment by moment feel for the tone of the market action.

Have a nice weekend and let me know what your thoughts are of next week and what you plan to do?

Frank
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