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To: AllansAlias who wrote (32501)	2/27/2002 3:05:23 PM
From: Paul Shread	Read Replies (2) \| Respond to of 209892

That COST chart was a beauty. Da Boyz are getting desperate on your retailers: 14:42 ET Best Buy defended by Solly (BBY) 65.96 -4.04: -- Update -- Salomon Smith Barney says the selloff in BBY over the past 3 days is overdone, and notes that the stock is cheaper than it has been in 18 months. Co has indicated that they are not experiencing the same inventory problems that CC is facing and that store traffic levels remain high. After a strong 6.2% comp in Dec, firm believes Jan and Feb tracked at or above plan, and expects a relief rally will ensue after BBY reports sales on March 7, driving the stock back up to the $70 range. 14:27 ET Market Action : With respect to the Intel rumor, hearing that weakness apparently a function of negative comment by a tier 1 brokerage firm, not cautious comments at a conference. 14:16 ET Market Action : Hearing a couple items that could be contributing to late downturn in equites. First is talk that Intel taking a cautious tone at conference. Second, hearing from our bond team talk of a large asset allocation trade out of stocks and into bonds.