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To: Sonki who wrote (26800)2/25/2001 8:14:39 PM
From: William Hunt  Read Replies (2) | Respond to of 27012
 
sonki ---bought some JDSU on Friday at 29 ---willing to wait for fiber optics to come back . Looking at some second tier chip companies---ATMEL etc . What is you thoughts on SUNW ? Did you not buy some a while back ? Would appreciate your thoughts

BEST WISHES
BILL



To: Sonki who wrote (26800)2/25/2001 11:36:57 PM
From: Sonny McWilliams  Respond to of 27012
 
Hello Sonki. EMC. I hope you bought early in the morning. It made a nice move along with lots of other stocks.
Wow, this was a wild ride again on Friday. Luckily the market went up in the afternoon and really came back after a former FED GOV, W.Angell, talked about a 60% possibility that the FED will cut rates early this week by 50 basis points.

I bought some PALM. I looked at QCOM on Friday morning, when it had dropped about 16 points, but then I got busy and missed the boat on it. I was thinking about Bill H. when I saw QCOM down that much. Sheesh. Good thing it came back again. I believe it's time to nibble a bit on some of the techs, even if the market does go lower. I heard it could go under 2000 if the FED does not cut on Monday, Tuesday or Wednesday. If the FED does not cut this week and the market goes down a lot, I may really go bargain hunting.. I guess everybody is hoping for a rate cut. The futures are in the black at this time..

How have you been? Are you still in St. Louis? Are you still holding SUNW? Wow. That stock went down quite a bit also. Almost more than Dell?

What do you think about Msft? It looks interesting. I am debating, even though my heart belongs to AOL right now. I guess we really should be looking at EMC, Csco, PMCS, AMCC etc. Those stocks really have been coming down a lot, not to say that they can't come down even lower, but at one point we probably should step in. I don't believe we will be getting much help from the analysts. They are downgrading practically everything.
IBM is also on my radar screen.

Glad to see you on the thread again. It has been a while.

Sonny

Hm. I just noticed this article. There is nothing mentioned by W.Angell about a 60% probability of a rate cut. Just a rate cut is mentioned. Well, whoever said it, someone mentioned that figure.

dailynews.yahoo.com



To: Sonki who wrote (26800)2/26/2001 2:39:34 PM
From: Sonny McWilliams  Read Replies (1) | Respond to of 27012
 
Sonki. Update on rate cut

I guess I heard right when I quoted the former FED GOV, W.Angell, as saying that he sees a 60% chance for a rate cut before the next FED meeting. He mentioned this last weekend. I just heard that he now believes the chance is 80% for a rate cut before the next meeting. Maybe it will come before Mr. Greenspan goes before the House on Wednesday.

EMC got another downgrade. Lots of techs/telecoms got downgrades today by MER but not all stocks downgraded are trading lower.

I watched the proceedings in the Msft case today. Pretty interesting.

This is also pretty interesting. Maybe some sore losers will now abstain from telling Pres. Bush that he has no mandate. Electoral votes rule. Maybe we will see some tax cuts in the form of tax brackets. Too bad there is no talk about cap gain tax cuts.

dailynews.yahoo.com

Sonny

PS. Talk about rate cuts are moving the markets now. DOW gaining over 100 and NAS almost 30. Lets hope it goes higher and no profit taking shows up. EMC paring its losses.