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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (13325)	4/17/2000 9:22:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Dick: You are right on the big cap tech stocks. On a rally, quality rallies first. Did you see the move in AMAT? Up 15 points. I bought a load on Friday at $81 with the thought of a big cap tech rally. I knew she would lead any rally in that sector. Anyway, AMAT ran the show in that sector all day and ignited the group. INTC and CSCO were also prime destinations for the fat cats as was ORCL and SUNW. Sometimes when you think like a scared mutual fund manager it can pay off! My guess (note the level of my conviction) is that bank stocks will go down after earnings in a repeat of the January time frame. All the bank jockies are trying to do is to discount the last interest rate hike 3-6 months before it happens. Well, I think we have some time to go and, besides, that last hike might be just enough to put us into a recession and bank stocks, while first to lead out of a recession, will go no place while earnings are sucking wind in the midst of a recession. But for long term investors, you can wait and cash in on some juicy dividends while you establish LTCG status if that is your wish.