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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (42211)	5/27/1999 1:51:00 PM
From: manny t	Read Replies (1) \| Respond to of 120523

Lee, If this RUMOR can so unsettle the Markets,imagine what an interest hike would do. I think this is all done to squelch the stock buying euphoria. It is working today. Manny T.

To: lee kramer who wrote (42211)	5/27/1999 2:05:00 PM
From: ayahuasca	Read Replies (1) \| Respond to of 120523

what would be the catalyst for an imminent rate hike? In the last week there hasnt been any other signs of inflation that I am aware of. In fact, to my knowledge, the only number that has come out that has really showed anything substantial on the inflation front was the PPI number a few weeks ago. Clearly everyone is being ultra vigilant about inflation and anything even remotely interpreted as showing an increase is met with some major selling. However, in regard to the techs, and internets in particular, there are some stocks out there that I cant imagine going much lower (I know...famous last words). I bought a couple of options in DRIV yesterday when it touched 21 1/2. DRIV has been as high as 61 recently and they are the leading player in their niche; how much lower can it go? 15? 10? I doubt it but God knows I have been wrong before. So far today it is doing nicely. Another one is WEBT, which I dont have a position in. It is trading at 28 or so from a high of 84 I believe. That is one hell of a pullback. It has gone as low as 22. 28-30 seems like a pretty safe bet to me. How about NSOL (my old favorite). It has been basing at 60 now for a while from a high in the 150's. It has held up well recently but that I think is b/c it has already gone down so much. It just doesnt seem to have much farther to fall. Again the upside seems to vastly outweigh the downside here. TBFC same thing. SONE same thing. INTC is trading at a PE of 27, which is kinda low for INTC. Some like AOL, CMGI, EBAY and INKT seem to be susceptible to one final selling climax, although I think they are pretty close to their lows. Yet I see alot of people not wanting to be in this market at all right here. Are you guys waiting for the final high volume selling capitulation? Some of these stocks look to good to pass up for an intermediate term hold. Anyway, I am trying to claw my way back. a little at a time.