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To: Roebear who wrote (2696)	1/15/2000 10:22:00 AM
From: fut_trade	Read Replies (1) \| Respond to of 42523

...how the food stocks will fit I don't have any opinions myself, but here are comments from some analysts: biz.yahoo.com ``This is a snowballing of what was going on all last year, which is an absolute distaste for food stocks,' said Jaine Mehring, food industry analyst with Salomon Smith Barney. ``As the year started out, the market looked like it wanted to broaden out a bit, but even then, people didn't buy food stocks,' Mehring said. ``That really shows where this group is in the pecking order.' Mehring said the best hope for a recovery in food stocks would be ``a good old-fashioned recession,' but added that there didn't appear to be one on the horizon.

To: Roebear who wrote (2696)	1/15/2000 10:46:00 AM
From: Oblomov	Read Replies (2) \| Respond to of 42523

Roebear, My view is that food stocks will continue to perform poorly while the tech bull market is still alive. In a bear market, however, food stocks should greatly outperform today's high fliers. Due to the fact that the balance sheet of a company like HSY will not erode during a recession, the food stocks also do well in the early stages of a bull market. I have been a long-time HSY shareholder (received shares as a gift in 1976)... I used Friday as a chance to buy back calls that I sold against my position. Thanks for your comments.