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To: Sonki who wrote (19301)4/28/1998 2:21:00 AM
From: Sonny McWilliams  Read Replies (1) | Respond to of 27012
 
Sonki. Thanks. I had read all those articles besides Market news. But everyone will have a chance to read them now.

Well, I also have a minus on my screen for Dell. But one of the guys on CNBC said that Dell eeked out a gain right before the market closed. I have it on tape somewhere, so if not true I may send him an e-mail complaining about making me jump for joy for nothing. gg. I had Dell down 2 points. What can I say? I guess we will find out in the morning.

Sonny



To: Sonki who wrote (19301)4/28/1998 5:49:00 AM
From: Frank Ellis Morris  Read Replies (1) | Respond to of 27012
 
To Sonki and All;

Found this article on the morning wires and wanted to post it here:

Tuesday April 28, 5:18 am Eastern Time

FTSE 100 opens firm as caution on U.S. rates eases

LONDON, April 28 (Reuters) - The UK's FTSE 100 index opened firmer on Monday after report in the Washington Post newspaper calmed fears of a possible near-term hike in U.S. interest rates.

By 0809 GMT, the blue chip index had gained 45.6 points to 5,768.

''We could have a bit of a bounce today after the Washington Post report,'' said a sales trader.

LONDON, April 28 (Reuters) - The UK's FTSE 100 index opened firmer on Tuesday after a report in the Washington Post newspaper calmed fears of a possible near-term hike in U.S. interest rates.

By 0809 GMT, the blue chip index had gained 45.6 points to 5,768.

''We could have a bit of a bounce today after the Washington Post report,'' said a sales trader.

The Washington Post, quoting unidentified Federal Reserve sources, said new data may have eased the concerns that promoted policymakers to drop their neutral stance on U.S. interest rates last month.

The bank's decision at its March 31 meeting to ''lean'' toward higher short-term rates did not
necessarily mean that higher rates were on the way soon, the newspaper said.

Dealers expected shares to be supported by institutional investors which were believed to be on the look out for cheap lines of stock.

''There was not a great deal of institutional selling yesterday,'' the sales trader explained.

''Funds are still cash-rich. If they were putting cash in the market at the 5,900 level, it would be
logical for them to be buyers now.''

Have a good Tuesday

Frank