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To: Sonny McWilliams who wrote (25673)	3/28/2000 12:56:00 PM
From: Gerald Walls	Read Replies (2) \| Respond to of 27012

Interesting take on Abbey Joseph Cohen by this poster. A different opinion: When the Guru Speaks, Listen Up By James J. Cramer 3/28/00 8:46 AM ET URL: thestreet.com It makes all of the sense in the world to do what Abby Joseph Cohen did this morning. This week is about the only time you would not get major damage as institutions are in shape to keep stocks up for the end of the quarter. It is a brilliant, brilliant move. On any other day you run the risk of a real rout. Instead this downturn will be muted because enough institutions are worried about their quarters that they will prop things up into her equity take-out. How important is this? Look, gurus do matter. I admit it. They shouldn't. Over the long term they won't. But let's face it: She's been dead right. When the dead-right people speak, you have to listen. Or, to put it another way, she's got the hot hand. The hot hand says take something off the table. People will do it. And those who do it will benefit from better prices than normal because of end-of-quarter window-dressing. Man, is she smart.

To: Sonny McWilliams who wrote (25673)	3/28/2000 4:08:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 27012

Look looks interesting but I already have some coverage of that space. I'm also wary of smaller Inet plays during this time period. Abbey like Alan has the power to move markets. However, the markets tend to move only that day. This market is poised to go higher, and I'm positioned for that. I picked up some May MSFT $115 calls today. Regards,

To: Sonny McWilliams who wrote (25673)	3/28/2000 4:27:00 PM
From: Frank Ellis Morris	Read Replies (3) \| Respond to of 27012

Sonny!! The markets was getting ready for a real solid rally on the news that Grudge Jackson would delay his ruling since Microsoft was trying to work out a settlement wit the government and then Abbey Cohen makes those torpedo comments which is a contradictory to her previous posture on the direction of the Dow and S+P. It was almost like Jeff Vinik recommending Micron technology on Wall Street Week while he was dumping in from his Magellan Fund. Remember that Scam?? I think it is most disturbing that we are suffering immense serious harm at the fuel pumps by the oil cartel while the DOJ turns its back on that issue and is preoccupied with sticking it to Microsoft. Why doesn't the DOJ advocate that the United States and Great Britain unite to control the Oil Cartel or to oversee its distribution?. We cannot permit the economy and engine of the world to be at threat at the hands of a few. <<Tuesday March 28, 2:58 pm Eastern Time Nasdaq unable to shake Abby Joseph Cohen remarks By Elizabeth Smith NEW YORK, March 28 (Reuters) - The Nasdaq stock market continued to lose ground at midday on Tuesday as investors lightened their holdings in technology stocks after Goldman Sachs market guru Abby Joseph Cohen said she cut back on stocks in her portfolio. ``I think a lot of it was Ms. Cohen's comments earlier today,' said Doug Myers at Wachovia Securities in Atlanta. ``It is just giving people a reason to lighten up on their positions.' Cohen jolted the U.S. stock market Tuesday morning when she said recent gains in stock prices compelled her to trim to 65 percent from 70 percent the equity portion of the firm's balanced portfolio<< Indeed It was a disappointment to see so much strength in the premarket S+P futures and the Nasdaq Futures vanish by comments from Abbey Cohen. I was most surprised by her address. Here I thought that our friend Allen Greenspan was the only one we need to worry about. Frank