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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas Nordgren who wrote (27131)	5/25/2000 11:43:00 AM
From: szabel	Read Replies (2) \| Respond to of 29386

im smiling as im watching you lose your ass in this bear market. LOL. your the ultimate crybaby. nobody affects my gameplan

To: Douglas Nordgren who wrote (27131)	5/25/2000 11:51:00 AM
From: ShamukE	Read Replies (2) \| Respond to of 29386

Douglas Your reacting in the same manner that you do when I or any one, posts something that goes contrary to your way of thinking. Apparently it's inbred to your character. It smarts when some one dumps on you! Doesn't it? Remember that diamonds and gold are found hidden in tons of slag and rock. Lighten up! We all may not be as intelligent as you but if you pay attention you'll find that even what we took time to say might have as much worth, in its own way, as the missives that you dedicate your valuable time to posting on SI. Have a great holiday.

To: Douglas Nordgren who wrote (27131)	5/25/2000 8:26:00 PM
From: szabel	Read Replies (1) \| Respond to of 29386

Bears have nasty claws that do lots of damage, especially as they feed off of overpriced portfolios. Two more Beariffic news: U.S. crude oil prices surged Thursday back up towards the peaks seen in March's price spike, powered by fears of gasoline shortages this summer. As the long Memorial Day weekend nears, concerns over supplies of the new reformulated gasoline named RFG 2, which is being launched on June 1, pumped up prices across the board. Crude oil on the New York Mercantile Exchange (NYMEX) for delivery in July settled at $30.51 a barrel, its highest since March 17, after leaping 58 cents on the day. This week alone the contract has risen by more than six percent and brought peaks above $34 a barrel seen in early March back into view. The gains were fuelled by gasoline which soared above $1.00 a gallon for the first time in 12 weeks, then broke to $1.0284 a gallon, its highest level since the Gulf War. RFG 2 is supposed to go on sale in about a third of the nation's pumps, mostly in the Northeast and in cities where smog has been a constant threat to the environment. Gasoline companies have complained about problems in producing the greener gasoline. They are also trying to avoid patent infringement suits from Unocal Corp. (NYSE:UCL - news), the holder of a handful of patents for the cleaner-burning fuel. Worries over possible shortages were compounded this week when industry and inventory data showed big draws in reformulated gasoline stocks last week. Frantic assurances from federal energy and environmental regulators in Washington about the adequacy of RFG stocks have helped little to calm down the volatile markets. Mexican Energy Minister Luis Tellez, put the bulls briefly on the defensive by saying Thursday that strong demand was clearly an incentive to move more oil into the market. Tellez is one of the architects of an oil producers' agreement with export cartel OPEC that seeks to keep prices strong by cutting back output. The U.S. is fretting over high oil prices, but OPEC members have signalled they see no need to raise output when they meet next month. ``In June for sure we will not change anything,'' a Gulf source told Reuters Thursday, noting it was worries about U.S. reformulated gasoline stocks rather than a shortage of OPEC crude that had pushed oil prices above $30. On the equity markets, oil shares were off as blue chips fell on fresh interest rate fears. 2nd article below NEW YORK (CBS.MW) -- Money manager Elaine Garzarelli says the stock market still has further to fall. Garzarelli says the Standard & Poor's 500 Index is still overvalued by at least 30 percent. In an exclusive interview with Frank Barnako, Managing Editor of the CBS MarketWatch.com Radio Network, Garzarelli urged investors to look at corporate bonds and undervalued sectors, like household products and beverages. CBS.MW: What's up with this lousy market? Garzarelli: Well, there's a problem, and that is that the stock market is overvalued. The S&P 500 is overvalued by about 30 to 35 percent. CBS.MW: It's still overvalued after all this? Right. That's right. (Laughs.) And there are a lot of groups that are still overvalued. And the tech has come down quite a bit, but they're still overvalued by 20 to 30 percent, some of these groups, like instrumentation; it's 51 percent overvalued. Semiconductors, 35 percent overvalued. Chemicals -- and the reason is that they're going to have down earnings, probably some time in the next six to12 months, so I think that that's not in the stock prices yet. We're in a down market, basically.