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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 (12858)	3/28/2000 7:03:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Tuesday March 28, 10:45 am Eastern Time Goldman's Cohen cuts equity exposure, cites shr gains NEW YORK, March 28 (Reuters) - Abby Joseph Cohen, chair of the Goldman Sachs' investment policy committee, said Tuesday stock-prices gains compelled her to trim to 65 percent from 70 percent the equity portion of the firm's balanced portfolios. Reuters reported the Cohen changes, and her setting a Standard & Poor's 500 March 2001 target of 1,625, ahead of the U.S. market open. Equities markets around the world soured on the news. The five percent was added to cash, which previously had no allocation. The asset mix now stands at 65 percent stocks, five percent cash, 27 percent bonds ans three percent commodities. In the equities-only model portfolio, Cohen now recommends 85 percent stocks, down from 95 percent, and 15 percent cash, up from five percent. In a research note, Cohen said her stock-market sector weightings are unchanged -- she still favors financials, pharmaceuticals and selected basic-material and energy related stocks. Her views also are unchanged regarding the longevity of the current economic and corporate profit expansion.

To: Justa Werkenstiff who wrote (12858)	3/28/2000 7:46:00 PM
From: Allan Harris	Read Replies (2) \| Respond to of 15132

It sure looks better than Global Crossing at this point Re: TDY A friend of mine emailed this to me tonight: "Do you know something that I can't otherwise find? With 3 month average trading volume / day at $ 242 K, and the fact it traded 1MM shares yesterday and 1.9 MM shares today, float of 15 MM, something is going on here. There is not that much short position in the stock to account for that volume. The only thing that makes sense is the company is in play and not simply being driven up by the 'day traders.' Market inefficiencies don't present like this stock. If you are a pure value investor, then the sector and industry are trading at a TTM P/E of 36. Quick math makes this stock worth ($1.79)(36) = $64/share which would be a double from here." As for GBLX, I'm ignoring the price action in here in deference to brilliant management, global optical networking and the continued enthusiastic, unwavering support from G. Gilder, who named GBLX his "stock of the year" for 2000. A