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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Kenya AA who wrote (2624)	6/30/1999 4:31:00 PM
From: Mao II	Read Replies (2) \| Respond to of 12662

K: I would say that a buy of WCOM in mid-80s will be rewarded quite handsomely by the time earnings are reported -- unless Bernie has a big acquisition in the works. M2

To: Kenya AA who wrote (2624)	6/30/1999 4:33:00 PM
From: Night Writer	Respond to of 12662

K, WCOM YUCK!!!! PW killed me! Here is some good news. NW US Treasuries soar as Fed shifts to neutral stance By Steven Scheer NEW YORK, June 30 (Reuters) - Belief that the Federal Reserve's rate hike on Wednesday could be its last for a while sent U.S. Treasuries prices soaring, as retail investors started buying government debt again after a long hiatus. As expected, the Fed boosted its key federal funds target rate by 1/4-point to 5 percent, although the central bank shocked the bond market by reverting to a neutral stance from the tightening directive it adopted in May. Market players grew less nervous about the possibility of another rate hike at the next Fed policy meeting in late August. Analysts said they felt chances of an August hike had now shrunk to about 50 percent from 80 percent prior to the Fed's announcement. "The market basically said that for the time being, the Fed is on hold," said Richard Gilhooly, fixed income strategist at Paribas Corp. The move to a neutral stance "means no inter-meeting tightening and it probably also means they don't go in August unless there are strong reasons for doing so." In late trading, the benchmark 30-year bond was at 90-2/32, up about 1-1/4 points -- its fourth straight day of gains -- while its yield dipped to 5.97 percent from 6.07 percent at Tuesday's close. It was the bond's first close below the key 6 percent level since June 18. The short end surged even more, with the two-year note up 10/32 at 100-13/32. Its yield dove to 5.53 percent from 5.70 percent.