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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (37974)	6/19/2001 7:59:00 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T --Investors looking to jump back in Oracle jumps in pre-market action By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:30 AM ET Jun 19, 2001 NEW YORK (CBS.MW) -- Buyers look ready to feast on stocks Tuesday, with positive results from Oracle providing a positive backdrop after a dismal showing in the tech sector Monday. Observers indicated that the market had become extremely oversold in the past week and had been expecting a rebound. Still, profit warnings are likely to cap enthusiasm and keep gains in check. September S&P 500 futures put on 7.60 points, or 0.6 percent, and were trading about 10 points above fair value, according to figures provided by HL Camp & Co. Nasdaq futures, meanwhile, tacked on 32.50 points, or 1.9 percent. Among shares changing hands before the official opening bell, Oracle rallied 13 percent to $16.75 in Instinet. The software giant (ORCL) reported after the close Monday fiscal fourth-quarter earnings of 15 cents a share, surpassing the First Call/Thomson Financial estimate by a penny. Treasury prices were flatlined out of the chute, with the 10-year Treasury note unchanged to yield ($TNX) 5.25 percent while the 30-year government bond shaved 1/32 to yield ($TYX) 5.70 percent. The day's dose of economic news includes the release of May housing starts, seen coming in at 1.60 million, and building permits, expected to post a 1.59 million rate. View Economic Preview and economic calendar and forecasts. Over in the currency segment, dollar/yen erased 0.1 percent to 123.19 while euro/dollar slid 0.5 percent to 0.8557. --------------------------------------------------------------------------------

To: limtex who wrote (37974)	6/20/2001 12:11:08 AM
From: RR	Respond to of 65232

Hi Limtex: Good points. Thanks. Preservation of capital is Rule 1. I'm sure you've heard that before. Consequently, your comment about grinding wealth away is something I take very seriously. Again, good point. That's why I have a budget. A "wealth budget," so to speak. I manage my personal affairs just like I would a business. I believe in having a budget with various parameters and contingencies, just like a business plan. Also, when I'm out of budget, or something unexpected happens, I jokingly say I'm on my "vienna sausage" budget until I get back in line. In fact, as a reminder, I have two small cans of Vienna Sausages on my computer monitor to remind of the old days when that's all I could afford, too! Hope you had a good day. Been on the road traveling so couldn't reply sooner. RR