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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (6347)	7/20/1999 10:38:00 PM
From: John Harton	Read Replies (2) \| Respond to of 11051

Well Dudes, Joined the lemmings today.. Took profits on INTC, PQT, CUBE, and strongly considered MSFT. Would have bailed on CPQ, but you can't kill a dead horse again.:~) SOX got hammered, DRG weak also, market can't get excited about MSFT or IBM, the writing's on the wall. Now ~ 40% cash, 10% Utilities, 50% stock(temporarily). Made one purchase of a little oily play and caught it at dead bottom. I hope. Would say what it was but it is so lightly traded my purchasewas a significant part of the days volume. Go figure(^_^). Re: "Fund Manager's Dilemma" What to buy now? Assuming cash is still flowing in.. Berney gave it his best shot "Big Boyz with top Bambi scores" but I sensed a lack of enthusiasm. Really I see the fund boys going to rotation, but where? Or if redemptions force them to sell, what do they sell? I don't understand the logic of a rotation based on size(to out of favor mid caps and small caps). Also, I feel certain sectors(by industry) will lack appeal based on "been there, done that" status. The only new undervalued and coming frontier I see is the international market recovery. But then are the FMs allowed to buy these based on the prospectus? In this regard, I could use some advice regarding WEBS. Here are my assumptions, Please! correct me where I am wrong. 1) WEBS trade as unit investment trusts- thus they can trade at a premium or discount to the underlying basket of equities depending on supply and demand for the WEB. 2) WEBS potential value is affected by the home country currency- ie they are not hedged. Thus if WEBS Japan's underlying equity value increases by 10% and the Yen appreciates 10% to the dollar, then you have a potential 20% gain(since we are scoring in dollars). Any help much appreciated. Grrrrrowwwllll -John