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

To: Ann Janssen who wrote (22584)	2/4/1999 5:28:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Hello Ann. Wow. What a bad day in the market. All of our techs got hit. It looked pretty good before the market opened and the techs were called up. Then the news hit about our famous analyst "TK" cutting estimates on Intel and he had plenty to say about AMD. Next the news hit that Lehman felt that LU was fully valued and some guy, I never heard of, mentioned that the days of the nifty fifty were over etc. etc. A lot was made of the news that the unemployment numbers came in at about 292,000 instead of the expected 311,000. Those guys just don't like it when people have jobs. And tomorrow the employment numbers will be out. Expectations are for a little drop but there is already the worry that it may be better than expected. IRAQ, Kosovo and the kitchen sink is worrisome also. Online brokers had some problems today when E-trade was out of service again at times and the stocks got hit bad right at the end because the NY States Atty wants to look into failures of services. I can remember Black Monday. Nobody could get through to their regular brokers. Some investors can't get through to their regular brokers when they are out for lunch or whatever. And when it's a real big up or down day, good luck with getting right through to your broker. Failures online will happen. That's still a problem with the internet. We know this from when our ISP is out or we can't get through to SI. That's the hazards of online trading but it's not really only online trades that get in trouble when it's really busy out there. I guess all brokerage houses should work on this. E-trade got in trouble when they exchanged some of their software. I can see now why some online brokers don't want to handle some of those internet stocks. Traders are in and out of those stocks all day long and can really play havoc with the trading volume. Who knows where the answer lies here. Let's hope tomorrow looks better. Sonny