Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (11878)	4/9/2000 7:58:00 PM
From: LBstocks	Respond to of 35685

Bull market report on QCOM: COMMENTARY Nobody could be more pleased with Friday's market activity than we. The shear stability of it all was simply blissful. The Nasdaq has made an incredible recovery since the low on Tuesday, recovering roughly 800 points! We repeat, 800 points. Wow. The markets finished the week looking very healthy, in part a result of the steady employment numbers released Friday. Investors let loose a sigh of relief with a March jobs report that showed inflationary pressures in check despite strong growth in the labor markets. It didn't hurt that the unemployment rate was unchanged in March (at 4.1%) as well Another point to be made about Friday is that traders were so exhausted from the week's volatility that there was virtually no trading actually occurring. It turned into the lowest volume day of the year. Heading into next week we are looking for technology to continue its upward momentum. Earnings are expected to be strong and could really give us a powerful, steady week. We are not looking for any 5% up days, but rather a streak of medium gain, lower volatility days, hopefully in both the Nasdaq and the Dow. As we had suspected, the large caps are benefiting from a market where investors want to get their money off the sidelines, but are still a little shaken from the insane volatility of late. Look for Intel (INTC, $137), General Electric (GE, $159), Dell (DELL, $55), IBM (IBM, $123), and Cisco (CSCO, $75) to keep moving up. Also look for companies like Lucent (LU, $60) and Qualcomm (QCOM, $152) to join in the fray, especially if god earnings in their respective sectors bolster confidence levels. We are still in conservative mode at the moment, but a full week of strength could get us back on the aggressive side. GOOD NEWS DEPARTMENT: This weekend we are starting a new FREE newsletter dedicated to the technical investor, and guess what we are calling it? The Bull Market Technical Investor! It is written by two fellows who have been "nailing them" left and right lately and if the trend continues we will all be the better for it. It is not geared for the conservative investor but for the day trader or "week trade." and it will be delivered three times a week. So look forward Sunday to a special mailing of The Bull Market Technical Investor. If you are not interested, there will be instructions on how to unsubscribe. Good investing and have a great weekend! Todd Shaver Editor in Chief The Bull Market Report Washington, DC USA ....... 6. BELLSOUTH, SBC ANNOUNCE WIRELESS CO. BellSouth Corp. (BLS, $49) and SBC Communications Inc. (SBC, $46) plan to combine their wireless phone businesses to create the second-largest player in the U.S. wireless market. The combined company under the deal announced today would have more than $10.2 billion in revenue and 16.2 million subscribers. SBC provides local and wireless phone service in the Southwest, Midwest, and California, while BellSouth serves local and wireless customers in the Southeast. By merging their networks, customers should see lower wireless phone bills. COMMENT: One day after Bell Atlantic and Vodafone announce their alliance, Verizon, SBC and BellSouth came out and announced a similar relationship. We are seeing extremely rapid consolidation of wireless service in the U.S., laying the groundwork for a fierce battle for dominance of the US market. This is going to be a doozy. We are betting on Vodafone Airtouch (VOD), and Sprint PCS (PCS) for now and are more excited to be investing in the arms dealers, such Qualcomm (QCOM) and Texas Instruments (TXN), who will be selling chips to everybody using the competing networks.