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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (8071)	8/24/1999 3:23:00 PM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Justa: Wait! - game may not be over yet - Here's a 'toss-up" from a Blind-man: biz.yahoo.com - This game is destined for sudden-death-overtime.....

To: Justa Werkenstiff who wrote (8071)	8/25/1999 10:11:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Stocks Seek Higher Ground After Post-Fed Stumble? thestreet.com Excerpt: Positive sentiment may have been boosted a bit by relatively friendly statement that the Fed released after yesterday's meeting, which emphasized the degree to which the hike should head inflation off at the pass. The dovish view is being bolstered today by a Washington Post article by John Berry, who writes that "a number of Fed officials also believe growth is slowing enough" to stay Alan Greenspan's hand for the rest of 1999. Ultimately, though, the economic data will rule, and there aren't any hugely important numbers forthcoming this week, though Berry's "number of Fed officials" will find plenty to watch in next week's Chicago Purchasing Manager's Index and National Association of Purchasing Managers report. - See links inside the one above, including: Befuddlement and Lurching Moves Greet Fed Decision - thestreet.com

To: Justa Werkenstiff who wrote (8071)	8/25/1999 4:39:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

What I did Today I am selling into this rally. ETEC, for example, is going to post earnings after the bell. I am in a profit protecting mode here and since my bottom fish into this puppy paid over 50% in four months time, I decided to take the money and run. ASYT was upgraded and I sold one third of my position into the upgrade. CYMI got excited and so I decided to sell some at $33. Sold some Tandy as well. I am looking forward to tomorrow to sell some more. I am not buying this bond move. I think the probabilities favor that the Fed. will be back in the market soon enough. I am not saying they will raise rates. Who knows what these guys are going to do. They don't even know because they need the data. But I do believe at some point within the next few months the probabilities favor that the labor market and/or inflation will become an issue to the market again and that the market will be in a will-he-or-won't-he mode and will correct accordingly.