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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (1179)	5/15/1999 10:24:00 AM
From: fooledalot	Read Replies (2) \| Respond to of 12662

NW, I just dumped a few this week and increased my cash position as well. Big question on the market should be Tuesday with FOMC. My guess (and it is just that) is that yesterday's bond action was the desired effect that Greenspan wants to keep on the horizon and that the CPI is not enough evidence that inflation is imminent, considering all of the other signs that discount it. On the other hand, Greenspan may want to make sure and could indicate some sort of bias toward tightening, but with so much of the world economy somewhat on the fence, so to speak, I would doubt that he would want to set off any more "forest fires" a la 1996's "irrational exuberance" comment. The market seems to have broadened out and has really found some strength in its legs--even to the point of some positives in the mid- and small-cap sectors. In a week that had Rubin resign, plus yesterday's spook, the market only lost, what, 200 pts? The NAS essentially broke even. I would think this thing has considerable life in it before we see a summer pull-back. Of course, this is all contingent on Greenspan's cooperation, as usual. I own ORCL and think they have the long-term potential to really be a block-buster. This week's news was somewhat over-blown, but I do think they will have questionable numbers (due to general weakness in the ERP software area) for this, their last Fiscal Qtr., which ends this month and will be announced in June. But, going forward, their e-commerce products seem to be in high demand. I think they have the right vision, but like CPQ have been slow to execute. In many ways this company has mirrored CPQ over the past 2 yrs; however, they have always been much quicker to recover. Larry Ellison had taken his eye off the ball for a Qtr. or 2, but he is back now and very focused on e-commerce. K and I have exchanged a number of posts here about TLAB Wed and Thurs. She thinks it has been basing in 108 & 118 and gave the appearance of a possible breakout Wed/Thurs, but she is concerned about light volume. Yesterday it dropped considerably, but recovered, at least to 118, so I do not know if that gave it additional strength to move up from or not. I almost bought yesterday at 116+ but elected to go with EMC at 102 1/2 instead. MSFT has been somewhat of a mystery. I own and cannot understand its recent drop unless it is due to uneasiness with the DOJ thing. Again, I almost bought yesterday at 76ish, but held out. From this level, once it shows signs of a rebound, I will be on it in a second. COMS had some rumors surrounding it yesterday as a possible takeover. Don't know much about it other than that. INTC is another that I watch. It seems to have been basing in its 60 + or - 2 since forever. HP and DELL announce earnings this week so if PC business is confirmed to be strong contrary to CPQ, then it may be ready for its breakout. Sorry, I don't know a thing about JCP. Of course, all of this is JMHO and is not supported by any scientific or known majical evidence. Good luck. I am sure you will find some good use for all of those $$$. f