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To: Morgan Drake who wrote (35594)	7/18/1999 7:53:00 PM
From: Ruffian	Respond to of 152472

Don't Ya Just Love The Jargon> M>U>L>D> The global category is dominated by Frank Jennings, who steers Oppenheimer Global Growth & Income. Back in 1989, Jennings foresaw the Dow hitting 10,000 in 1999. Now he sees it reaching 30,000 in 2010. (Fayez Sarofim, the venerable growth-stock investor who also ranks highly among global managers, has similar predictions. For his views, see the accompanying story.) What's more, Jennings expects U.S. interest rates to fall in the second half. In fact, he recently dumped his Latin American bonds to buy zero-coupon U.S. Treasuries. Jennings has solidly outperformed other growth-and-income managers over the long haul. These days, he's looking away from megacaps for value and for what he calls "M-U-L-D: Massive Upside Potential and Limited Downside risk." Among his favorite stocks: Qualcomm, NSM and Millennium Pharmaceuticals. In Europe, he's recently added a new position in Eurotunnel.

To: Morgan Drake who wrote (35594)	7/18/1999 8:03:00 PM
From: LindyBill	Read Replies (3) \| Respond to of 152472

Earnings Surprise I don't think we will ever get a better signal from a company that earnings are going to be better than expected. 1: They announce that they are going to directly sell stock to the Index funds next Wednesday. 2: Then then announce that they are moving up the report on earnings from Tuesday to Monday. This leads to the conclusion that they wanted one day inbetween the announcment and the sale for the price of the stock to go up before they sold to the Funds.