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To: Les H who wrote (93639)	4/12/2001 4:28:55 PM
From: American Spirit	Respond to of 436258

I just use LU as the example of the most attacked stock lately. Even LU will start popping now. Actually the most beaten-down will probably outperform going forward. LU to 12 is no big deal and that's a 60% gain. Remember it was at 21 two months ago after all the bad news had already come out. expect cap spending to gradually improve and more rate cuts esp thanks to poor retail numbers. Bought EMC, SBC, NOVL and a little LU this morning. Fully-loaded long mostly telcos VZ, WCOM plus GE. Average PE of my stocks around 20. Liking any tech laggarts here that are healthy companies going forward and will be buying the dips for awhile esp more big telcos. Safe beaten-down and pay dividends of about 3% which is where interest rates may be soon. Expect this long weekend's financial news to get a lot of new money/old money back into/back into the market next week. The short/bears had 2 years gains in 4 months. Congrats to them if they've covered and aren't tempted to go back.