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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Sonny McWilliams who wrote (21040)	9/24/1998 4:48:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 27012

Sonny, >>>Markets look dismal over here. I just got in and I am not sure what is causing all this again.<<< I've heard the selloff, at least from about 2 pm on, blamed on the possible failure, then bailout of this hedge fund: The Greenwich, Conn.-based fund, Long-Term Capital Management L.P., is run by John Meriwether, a former bond arbitrage specialist at Salomon Brothers. Partners include Nobel prize-winning economists Robert Merton and Myron Scholes. So, the big bank stocks tanked: Citicorp, B of A, Nations Bank, Wells Fargo, JP Morgan, etc. I guess they all anted up to keep this thing afloat. Also Merrill Lynch who employs that Tom Kurlak guy, was down another $4.00 today. Maybe his continual downgrading of Intel stems from crabbiness caused by his own net worth via stock options at MER disintegrating: stockmaster.com Serves him right. I've read he makes his calls more from gut feel than from research. Unfortunately, he got lucky a couple times about Intel and we're stuck with him. I think if Intel performs results-wise for 3Q and 4Q98 like I think they will, we may lose this albatross. I was just telling my next door neighbor office wise, hope to be retired soon buddy, that I've never followed the markets this closely in a choppy period like this. I'm personally in uncharted waters with things like institutional failures around the world, practically whole country's economic failures, like Russia, and, as if that isn't enough, the prez thing. Thinking you can psyche out the fundamentals of a few companies and make money because of it is like nothing compared to all this other stuff. Take care, Tony

To: Sonny McWilliams who wrote (21040)	9/24/1998 6:46:00 PM
From: Yaacov	Read Replies (1) \| Respond to of 27012

Markets look dismal over here. I just got in and I am not sure what is causing all this again. .."" Some very bad news are coming out of a very major Swiss Banks. This is the main reason. Whispers that look very negative. I am trying to find out what is happening myself. Heck, if it is not one thing, it is another. When it rains, it rains dogs and cats! Best wishes, Yaacov

To: Sonny McWilliams who wrote (21040)	9/24/1998 9:32:00 PM
From: Sonki	Read Replies (5) \| Respond to of 27012

sonny : bot bmy, NB, aol. down grade on sap due to erning. good thing i sold a lot yesterday. looks like this a trader's market or mine filed. bombs everywehre so we have to be careful where we step. usually i sell my sunw at approx 50, 53 but this time i hear lots of buy recommendations so i will keep it. do you know why BMY is not moving with rest or the drug stocks? it's the only one that has not moved so i bot it. mrk is at all time high, pfe on it's way. NB and PFE has stock buy back.