To: Frank Ellis Morris who wrote (19062 ) 4/17/1998 1:13:00 AM From: Sonny McWilliams Read Replies (2) | Respond to of 27012
Hello Frank. I was too busy today to go onto the net. I just got in but I was able to keep an eye on the market. I was looking to buy some Intel after TK's utterings. But like you said, Intel got only slightly knicked on Thursday. The drugs have been taking some beating this week. And Merck came in 1 penny under due to the strong dollar overseas. What a disaster. ggg. One of my fav. analysts, R.Acamporo, is still bullish and thinks the Dow will now go to 11.000. But some correction is expected. Maybe 5 to 7%. In that case the drugs will be participating again. There is just a little rotating going on. The financials, oil service cos, steel, paper and airlines are supposed to be in vogue now. Some of the Semiconductors, Intel still iffy, and Semi Equipment stocks have not seen much insider sales lately. So the saying goes that this sector is coming on. Internet stocks are going crazy. Let's see how they will do tomorrow. Exite reported a loss of around 34, I think 1 cent better than expected, and was down after the market closed. I heard that there were over I million shares for sales. So maybe that sector will see some profit taking today. But you never know. Infoseek will be reporting today and it has gone through the roof. I had it for a while but sold. Too bad. Techs in general did not do well yesterday but TXN seems to be a stock on the move again. I am thinking of buying some of that and maybe one of the airlines. I guess your cup of coffee should be empty now, so I will close. The rest of the posts have to wait until later today. But I put everything on your post for that reason. gg. Sonny