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To: Boplicity who wrote (1748)	5/19/2000 3:10:00 AM
From: DOUG H	Read Replies (1) \| Respond to of 13572

cbs.marketwatch.com CBS.MW: The stock market has been pretty flat since the Fed started hiking rates. What?s best place for people to invest for the next one or two years? Reaser: At this point, individuals should take a long-term view of their investments in most cases. They should take opportunity to make sure, one, that their portfolios are diversified. For instance, the huge run up in technology stocks last year may have caused their technology exposure to be much greater than they would prudently have if they wanted to have a truly diversified portfolio. <<So, sell tech?>> Second, they should reassess their appetite for risk, because we have now seen the Nasdaq with twice the volatility this year that we saw in the last three years and four times the volatility that took place in the period three years prior to that. So individuals should at least reassess how comfortable they are with the volatility that should persist for the next two or three months. And third, individuals have now an opportunity in a number of different areas to actually buy some attractive positions. We have seen the stock market decline so far this year, so for stocks, there are attractive opportunities in the technology sector that have developed again, in biotechnology, in makers of telecommunications equipment, in providers of infrastructure for the Internet. There are opportunities in pharmaceuticals, and some of the retailers that will be selling some of the electronic products of digital TV, and also even the financial sector should perform better when interest rates have finally started to top out. <<<So, buy tech?>>> FFIW, Your comments on IPO's are IMO correct and I think that is a good thing for investors. The way first day results are reported thru the press to the general public is misleading at best. Ciena is executing quite well.