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Technology Stocks : RealNetworks (NASDAQ:RNWK) -- Ignore unavailable to you. Want to Upgrade?


To: Dealer who wrote (4033)8/5/1999 12:24:00 PM
From: John F Beule  Read Replies (1) | Respond to of 5843
 
Dealer,
we bounced pretty dramatically off of $57, so (if it's not a head-fake), we're looking stable here.

Let's break down these productivity #'s from the cryptic press releases, and the spin by the media (since that's what G'span et al are (looking at)): We're talking 2nd quarter year-over-year,ok, that's what matters; productivity was UP to 1.3% vs .4; cost of labor was DOWN to 3.8% vs 4.1.

IMO, (and using my crystal ball!!) I see this data as clearing out all the negative spin put on by the media. Greenspan will NOT raise rates, in fact, he'll probably mention todays data as his case for not. The real reason he won't though, is because a rate increase will set the overseas economy into a nosedive, and nobody wants that again.... Especially Washington!

What am I doing with my money? I'm buying more RNWK if it hits $51. But my bet is it hits $80 before it hits my price point.

Hope this helps (all IMHO)

John