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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (15071)	5/5/1999 7:12:00 PM
From: PAL	Read Replies (2) \| Respond to of 41369

Freeus: Tomorrow should be an up day for AOL. Friday? Can't predict due to employment report coming up. One positive thing is that the beige book came up today: it is benign, and the beige book usually indicates what the Fed would do. FOMC meeting on May 18 should not change anything about interest rate. The rotation to cyclical stocks is about done. Fund managers might think that if they have not gotten into cyclicals, they have missed the boat and why would they chase cyclicals now when they see that technology companies are at bargain prices? Look at "T". Up over 5 points because of the cable deal. That in turn indicates that the internet is here to stay and grow. On the other hand, there is a limit in cyclicals: how many new tractors can Asia absorb, or how many more toilet paper can a person use in a day (vbg). The growth in cyclicals is finite, while the growth in the in internet is mind boggling. So there, stay with technology. Best to you Paul