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Pastimes : ASK Vendit Off Topic Questions

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To: Vendit™ who wrote (5700)	12/20/1999 11:02:00 PM
From: Joe S Pack	Read Replies (1) of 19374

Vendit: Y0ou may get a pop up tomorrow on MSGI. But today's action till 3:30pm and stop limit at 19.50 triggered in afternoon. Regarding AOL, there is another rumor on AOL thread about possible alliance between AOL and GM (AOL 1.5B investment in HUGH's direct TV in action). These things bode well and if AG doesn't spoil the party tomorrow, we will be in 100 land soon. LU is about to sail out of its recent range. Few concerns for tomorrow from AG's perspective: long bond already above 6.4% and NASDAQ has made 51 new highs recently with close to 80% gain for the year. I don't think AG will be happy with this kind of gyration. If he tightens bias, market will have sell off. If he raises then sell off will be there too. Only scenario under which short-term gyration may happen is if there is no action. I think Y2k fear can help in that regard. I will wait for his action and decide. Slowly getting rid off all my January calls (AOL, LU, etc.) and want to have enough room for early buying in 2000. Whole network sector should do well tomorrow as CS has shown profit at last. Tomorrow evening 3COM will beat the Street handily and that should keep LU, CSCO etc. in a good range IMHO. -Nat

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