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Non-Tech : Invest / LTD

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To: waverider who wrote (2522)	9/3/1998 5:55:00 PM
From: Thean	of 14427

Diamond - send me your resignation letter. As to MRK, well the pharmaceutical group staged a rally today after 2 days of small bounces. Some of the gains could be related to today and yesterday annoucements of new drugs approved by the FDA. I would say flurry of investor interest. Will it last? If the market resumes its LT course, they can't escape. NKE rebound - yes, they ought to. If you look around all the stocks, everyone felt the need to rebound after Monday's debacle. Those who had not rebounded much needed more rebound and vice versa - for the past 3 days at least. This shows to me moms and paps are doing their shopping regardless of big, mid or small caps. Everyone gets something. The issue at hand is will the market tanks further or will it trade sideway now. I am in the camp of saying we have not reached the bottom but can't see the scenario where we keep going down day after day. It has definitely not as easy to trade as last week for sure. Some think the volume will be light tomorrow. Maybe. But with so many home traders, I think the volume will not be light but the volatility will be less as the big boys not participating. If there is no negative development tomorrow, we may even head up.

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