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To: Yaacov who wrote (26324)8/7/2000 11:34:21 AM
From: Sonny McWilliams  Read Replies (2) | Respond to of 27012
 
Good morning Yaacov. No problem about your late response. It's summer and I have been in an out also and I have been getting lazier about posting. Must be the summer doldrums.

Nice call on your part cashing in your bonds and buying those mentioned stocks. Nice job.

AOL. I am still in AOL. Never have been out of it. Just riding the rollercoaster in this one along with some others. Nokia, WCOM and Dell have been a bummer lately. Dell is coming back some but Nokia is still taking it on the chin. Down again today with the DOW and the NAZ up nicely.
I heard yesterday that AOL was picked by some book writer as the best value stock around right now. Up a little at this time.

I have been taking some profits in ARBA and JDSU around 130 and 135 in order to bring my margin down. No time for big margin in this environment. I may have sold the wrong stock though when it comes to ARBA. It's on its way up again. I was too chicken to go back in at 107.

Intc had been doing better. It is down from its high. But like I wrote in last nights post, Niles sees good times ahead for these cos. in the second half of this year.
BTW. Csco is now being hailed as theee indicator in the NAZ. So far, so good.

I just heard that Joe Battipaglia raised his estimate for the S&P for this year and Mr. Applegate of Lehman Brother sees a 16% upturn in the S&P for this year. Joe B's target is a bit higher.

On the interest front. It looks like the FED is done with raising interest rates. Some think it could be another 25 basis points. We will see in a cpl of weeks which scenario prevails.

I am sure you had a great time so far this summer. Welcome back.

Sonny