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To: edamo who wrote (21897)6/8/2000 12:17:00 PM
From: arthur pritchard  Respond to of 35685
 
Edamo,

This is Garrett (Friend of Arthur Pritchard)

You may have seen this link or already have another way to obtain a perspective of investor sentiment but as a newbie it will be my method until I find something better.

209.10.210.210

GWPLANNER



To: edamo who wrote (21897)6/9/2000 9:18:00 AM
From: PAL  Respond to of 35685
 
Good morning Ed

The market has given more confirmation of the return of a bull market. There is a lot of money waiting to put to work. Although I do not like the way QCOM lately treats its employees, I believe that investment QCOM will reap benefit with one proviso: long term in the tune of two to three years. The stock has been beaten since the beginning of the year but a new high will be reached again within 2 years.

As I have communicated to you, the best way to enter new commitment to the stock is not through buying the stock outright or buying calls (short term) or buying leap calls (premium too high), but rather through selling deep in the money leap puts, Jan02 expiry. If you look at the premium, there is practically no extrinsic value. Three days ago, I sold jan02/200 at 130 1/2, and now around 123 which is still a good price.

There is a euphoria this morning about the PPI. I would wait my reentry in the afternoon when I expect a pullback. Next week CPI report which usually follows the temperature of the PPI, will provide more rocket fuel. I would expect next Friday triple witching will show a surge in volume and an indication of a healthy sign of the market.

Paul

PS: the rotation to the old economy seems to have ended. feel the pain in investing in P&G. The new economy is still the place to invest: chips, wireless, fiberoptics etc.