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To: musea who wrote (23604)5/6/1999 2:32:00 PM
From: Sonny McWilliams  Respond to of 27012
 
Hello musea. Thanks for the article on EMC. I have been checking it out a bit and am surprised of this upside move in EMC on a day like today. I also thought that the statement by HP about outdated stuff by EMC seemed a little strange. If this is their feeling, you would think that they told EMC about it prior to this. Nothing was mentioned on that score. Anyhow, EMC may go up but I will pass right now. I already have investments in sev. cos. with question marks hanging around their neck.

Greenspan. I don't know. Saying that things always have to come to an end, was not something the market likes to hear. He put quite a few question marks on the table if you listened carefully. He also talked about prev. trends compared to todays trends etc. and I really thought that he more or less talked today just for the sake of talking. Just my opinion. Mused again about our marvelous economy and wondered how long we can pull everybody along or how well we have pulled those economies along and then mentioned that some of those economies are getting stronger blah, blah. I like what Greenspan has done and is doing, but today was NOT his best speech in front of those Bankers. I think he meant to throw a cold shower on the market. Anyhow, the Bond market seems to be of the same opinion I have today. gg.

About this Ha, ha yesterday. Yes, I certainly do know that you were reacting to my statement about more turbulence before we reach that 41,000. I just made sure that you knew that this 41,000 was a target price by this author. I know it was not clear when I said: So, no ha, ha. gg. I did not expect another turbulence so soon. I was hoping for another nice day today. I had been more worried about tomorrow with employment numbers coming out. But, then again, Greenspan always moves the market one way or another.

Sonny



To: musea who wrote (23604)5/6/1999 6:31:00 PM
From: Sonny McWilliams  Read Replies (2) | Respond to of 27012
 
musea. About Greenspan not saying much. Umm, umm. Looks like he said plenty just the way I read it, well, heard it. Gosh, with all the money he gets you would think he could stop running his mouth at times or at least just tip toe thru the tulips. gg. He always says it's not up to him to influence the markets, but then he goes right ahead and does it quite frequently. No wonder everybody breathes heavy when he gets ready to speak. He must put those remarks in to give the bears some life. Like I said, first he calls everything wonderful but then says this may not be true one day. Well, I am alive today and it may not be true tomorrow. Techs and internets took it on the chin. I was surprised to see the DOW recover that much when I checked. But my portfolio was a disaster.

I will be out relaxing tonight. I am sure tomorrow will be an other interesting day. Some of the nets and techs recovered some on instinet. I wonder if this guy was short who put the word out that WCOM was still looking at Nextel.

There is always something to knock our stocks down.

And now we have to hope tomorrow that people lose jobs for the party to go on or at least the rest of them to stay in the unemployment line. And who says life is not odd?

Sonny




To: musea who wrote (23604)5/6/1999 7:31:00 PM
From: Frank Ellis Morris  Read Replies (2) | Respond to of 27012
 
Hi Sonny,

Although Greenspan did not really say anything new his negative posture put a scare in many traders today. He said that it could not go on forever. I though he was talking about sex or his dreaming about
the good old days. I am more concerned with the sell off in Dell. BTW what do you make of Microsoft getting into bed with AT+T. This was a one two punch at the jaw of Sun Microsystems and America On Line. I am waiting for the crying to start and then usual whining to the Justice Department. What do you think of AT+T as an investment. They and Microsoft are now redefining the word Monopoly.

Bedst Wishes
Frank