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To: SJS who wrote (10410)	10/28/1999 11:04:00 AM
From: bw	Respond to of 14427

Agree with the call on the financials. Have been trading WFC for some nice gains the past 10 days. Still also trading in and out of EGRP with hopes of catching the Telebank merger momentum once finalized. Trouble is, the EGRP stock is so scary that I can't seem to hold it more than 24 hrs. <g> Also got some IPO shares of PRDS [Predictive Systems] yesterday, added some more after initial allocation...and then sold them all this morning. For those that follow software/OS systems; I started doing some DD after the fact and found out the top execs. were with Allerion [bankrupt], so decided to bail with my profits. Decided to prepare for Y2K early, and consequently put 60% of assets into high yielding [6 3/4-6.9%] short-med. term CDs and some munis to weather any unforseen year end panics. What, me worry?

To: SJS who wrote (10410)	10/28/1999 11:23:00 AM
From: Thean	Read Replies (2) \| Respond to of 14427

I used the CNXT proceed to buy GALT today. Again, it is sell after open as usual and GALT and TXCC can't seem to be able to get any respect. It seems like they have been categorized as the second rung players by the street even though their earning growth will still match those of the bigger players like BRCM, CNXT, RFMD and AMCC. CNXT needs to have a higher high today to erase its technical glitch printed yesterday. For an OLB stock, how about WITC? I have mentioned this before and it has traded down. With a small float, it can fly when the sentiment is back. As for CUBE, how about HLIT? HLIT is closing in on its 50% retracement point and this is a darn good bet if it gets there. Anyone understand why the disparity between CUBE and HLIT can be so huge? I thought CUBE shareholders will get 0.5? shares of HLIT. Now they are trading towards parity.

To: SJS who wrote (10410)	10/28/1999 11:46:00 AM
From: drsvelte	Respond to of 14427

I'm Baaaack! Re Financials A Rally of Real Buying By James J. Cramer 10/28/99 10:56 AM ET The rally you are seeing is real buying. It looks like some of the bigger mutual fund families are scaling back out of tech and putting that money to work in the financials and, to a lesser extent, the drugs. I think you will find that when the mutual funds report their end-of-the-year positions, you are going to see names such as Chase (CMB:NYSE) and J.P. Morgan (JPM:NYSE) added, and names such as Microsoft (MSFT:Nasdaq) and Cisco (CSCO:Nasdaq) diminished. Cramer's Latest: Join the discussion on TSC Message Boards. This is a huge shift, and given the size of the pools of capital we are talking about, it can't end right here. These behemoths, when they switch direction, tend to take things well beyond where you think they should go. I am not long Chase (I stipulate I am a moron for that), but if Chase got a market multiple it would go to 120. That means these funds haven't even started yet. For me, I keep waiting for a moment to get in. It is always like that. I won't be given that moment. I will have to pay up in the end. Same with Wells Fargo (WFC:NYSE), another that has attracted massive interest. At least I have the J.P. Morgan. At home, we play with dinosaurs. When they move around, even the replicas, they knock a lot of things over to get where they are going to go. So do funds. Put alot of my cash to work today - bought ADIC, SNDK, HIFN, HLIT, WON, ISSX, VSH, EFII. MFNX and NATI yesterday.