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Microcap & Penny Stocks : PLFM - Undervalued with great potential -- Ignore unavailable to you. Want to Upgrade?

To: cliff emohs who wrote (8876)	3/4/2000 8:41:00 PM
From: cliff emohs	Read Replies (3) \| Respond to of 9096

Pretty quiet place. Here part of a recent article, stating what we all know, "Telecom is Hot!" except PLFM. financialweb.com Telecoms Driving Global Markets, Banks Soar in Mexico by Jack Crooks Telecom shares are again the movers and shakers in most international markets this morning, though there was some profit taking in Japan. Surging banking stocks in Mexico helped lift the market to a record close, while interest rate concerns hit bank stocks in Europe. U.S. stock futures jumped immediately after the release of February's employment report. The U.S. jobless rate rose in February, earnings grew at a slower pace and businesses hired the fewest workers in nine months, according to the report. Since most of the world's markets still key off Wall Street, the report could reverberate around the world. The U.S. is still the primary destination for global capital, as the flow from foreign investors' pour in money at a record pace. John Montgomery, Morgan Stanley Dean Witter global economist, issued a report yesterday highlighting international money flow data. He wrote, "The data paint the picture of a U.S. economy that has become an increasingly stronger magnet for foreign capital, in keeping with perceptions of the dynamism of the economy and its strong economic policymaking track record." People move money and money moves markets. European stocks fell, led by banks as concern grows that interest rates are headed higher. The Dow Jones Stoxx 50 Index of European stocks shed 1.12 points to 5069.68, paring its gain this week to 4.1 percent. Seven of the benchmark indexes in Europe's eight biggest markets fell. "Rising bond yields mean that stocks of the Old Economy -- banks, steels, paper -- have underperformed,' Neil Robson, a fund manager at Baring Asset Management, told Bloomberg. Lloyds fell 21 pence to 553 and Deutsche Bank AG fell 1.49 euros to 86.46. France Telecom dropped 10 euros to 209, on speculation yesterday's 26 percent gain was overdone. "France Telecom's gain was technical because there aren't enough shares to go around," Jacques-Antoine Bretteil, a fund manager at International Capital Gestion, told Reuters. "The more the index funds buy, the higher the share price rises." Deutsche Telekom shares have climbed as much as 21 percent, or 17.5 euros, in Germany since Tuesday. Today, the stock is up 4.3 percent on news that the company is in talks to acquire U.S. telecom firm Global Crossing. "Deutsche Telekom needs to globalize," Peter Treadway, an analyst at Ryan, Beck & Co, told Bloomberg. "They've said that and they've failed so far," said Treadway.