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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (32150)	7/5/2000 10:10:47 AM
From: Susan Saline	Read Replies (2) \| Respond to of 50167

BMCS taking quite a hit ... initial investment here?

To: IQBAL LATIF who wrote (32150)	7/5/2000 12:05:22 PM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 50167

Good Day IKE: thanks for your timely analysis of the Oil situation; I've been thinking that this was about the last arrow in the Fed's quiver, to continue the drumbeat of inflation fear-mongering. The Saudi's and Kuwaitiis appear to be more balanced in their desire to make money and not kill the goose(bring Western countries to recession). I was watching the market this past Thursday, and notice the Nasdaq, when down early about 100 points, recovered midday to neutral, then SSB put out a notice about 2:30 EDT, downgrading CPQ; this sent the market down again. Today, we have a pre-opening announcement downgrading INTC, right before a split/EPS run. Do you have any idea what motivation SSB may have for these maneuvers, which are short-term deflating the Nasdaq. ORCL selloff seems very overdone as well, with CA/BMCS shortfall "guilt by association". I've been doing some buying here for a trade on NDX/QQQ and others, at supports. What think you? Regards, James P.S: will we now see other Houses supporting the big Techs with reiterations of buys on INTC/ORCL?