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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: 5,17,37,5,101,... who wrote (4551)	3/11/1998 10:11:00 PM
From: Beachbumm	Read Replies (1) \| Respond to of 6980

Jackson, I agree that we will need to see some "e" soon to support the "p" in this market. But the liquidity out there is just monstrous. So much money wants to roost. I'm scared to death to take anything off the table; scared to leave it there too! Long term, I have no problems holding BAY. Once we're beyond June it may not stink so much. Larry Sherwood of SI fame once said he was buying puts. I asked if he was bull or bear. He said he was chicken! That's about the size of it. Beachbumm

To: 5,17,37,5,101,... who wrote (4551)	3/12/1998 10:22:00 AM
From: Beachbumm	Read Replies (2) \| Respond to of 6980

The inner cities are packed with unemployed who can be pressed into the service labor market. These people are apparently unemployable, but that is a myth. The employment numbers will bounce around as they are assimilated. Jackson, I'm not trying to pick a fight, but I believe this viewpoint is very naive. In cities like New Orleans, Atlanta, Birmingham the urban underclass is a direct legacy of Jim Crow. Where in the service economy could these skill-less people perform? They could sweep the streets if cities could pay them for that. Fat chance. They can't work at the Burger Kings because that requires interpersonal and language skills that they don't have and it is not profitable for the Burger Kings to become remedial education centers. Thus the paradox of the Taco Bells bemoaning that they can't find workers even at rates above minimum wage while humanity swarms around them. My own opinion is that it will take something like a Marshall Plan to restore hope in the inner cities. Beachbumm