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Non-Tech : St. Joe Corp. (SJP)

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To: Wright Sullivan who wrote (10)	4/17/1998 11:08:00 AM
From: Ann Corrigan	of 11

Good morning Dwight, Yes, the market is scary right now. Evidently, the bearish tone for most investors(other than those nerves of steel internet buyers) is causing some self-correction of some kind. I've been very cautious about new buys myself. The enter on a split announcement has worked really well recently though for G & DELL. Read yesterday that FLA's thin float could be a problem, but won't the 4 for 1 split rectify that situation to some extent?? Have learned since last Oct. just how important diversification is to a portfolio. Was into tech stocks almost to the exclusion of other sectors. After much angst and holdings reconfiguration in recent months, am very pleased with the new additions: pfe, slb, cdt, and a couple small internets(couldn't resist;-): itvu & ntbk. The last should do well now that commerce is starting to rocket ahead in cyberspace. As far as ASND/CSCO, the scars have finally healed since asnd's 'tower of terror' ride downward. Got in it thru CSCC shares. It's been a real learning experience as far as how important it is to hang in there if the story is good. Just heard a very positive report from an analyst on CNBC re ASND's future. Hope he's right. Best of luck to you. Ann

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