MSFT + 6
DELL + 4
In U.K. .. S + P up 5.6 ,,Nasdaq will follow a rally of 20 + yesterday ,,, expect a huge profit taking.. also shorts will suffer today .. still it's like a growing IEI.. Dow 9,000 here we come ,, be wary .. it's going to 9,100 - 9,300.
Finance and Tech has led the way ,, and it will continue.. Also MSFT win 98 ,, its reinvention ,,it will be a big win for Bill Gates and the product works well, had it now for 3 weeks and the memory solution is some what like MAC,,don't have to reboot so often as you open more windows (go to www.microsoft/win98.com and get a beta version for $38
Gold came down tumbling -3
and oil will go down again IMHO ..
Some compare Dow now ,,to where Japan was before taking off to 18,000 level ,,from 9000 .. where MSFT will be $1,200 per a share and on ..
Every major tech went up in U.K. except INTC and if Kurlack and his peers state INTC to 64,, then by all means let's all grab it .. for INTC also is re-inventing it self and placing more emphasis on consumer electronics, a whole sector they have been left out,,,they will see another split next year ..
QNTM showing some life,, still our beguiled faith on PE on such stocks as WDC and RDRT has screwed us royally .. do not trust drive sector yet ..
Expect CPQ to rally in sympathy ,, but still many are saying that box makers are in deep trouble.. and this is coming from many who are in distribution channel ,,,
The old adage ,, you do not mess with MSFT and DELL, regardless of PE multiples,,it's a house hold name ,,
We should wait for CPQ, INTC and others of choice on about April 15th ,, oh yes it will happen ..
As for near term ,, I would take profit from big caps and move the money into Russel 2000,,I am ready to sell 1/2 of my AOL and pounce on RNTK ,,,if I get the right signal from the source... I would still hold my pharmaceuticals,,a good hedge against market adjustment ,, will buy some ABT and add to my PFE,, Y2K stocks a must ,, we have seen GMs announcment of USD 1/2 billion expenditure on the issue.. As I have writen to you recently ,,from a conversation with Chase y2k manager,,that their claim for 280 mill is more likely 3/4 billion for the problem ,,which includes Asian branches in particular and Europe.. his words.
Let us stay on top of the market ,, litle unfilled cup is better than empty cup ,, or pigs get fat but hogs will get slaughtered..
ACNTF,
I had a late news last night that their 2.5 mill deal with Russia was in a juggernaut due to Yeltsin crisis,,but I see, this morning that Yeltsin reinstated most of the same cabinet members back , including the favourite US contact ,,the technocrat ,,Bretsin, and the reason behind the cabinet was for more speedy western style market reform , a music to Russias western allies... also was a muscle flexing for the old man.. who tunrns out more deep thinking than his big bear exterior.. let's hope for a news and I will call early ,,to our contacts,, if story looks gloomy ,,we sell..will post on about 9:30 on ACNTF..
Remember 10:AM ,,, we need your undivided attention and commitment ,,
Joe
PS,,our prayers to kids in Jonesboro |
