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To: Yogizuna who wrote (2939)	6/14/1999 4:48:00 PM
From: Gary M. Reed	Read Replies (1) \| Respond to of 17683

Bob Pisani must be dumb as a post. He proclaims today that Schwab and other online trading firms' profits may be hurt by the latest market downturn. Geez Bob, did this JUST occur to you? Last week I was short Schwab at 101 and change. Figured it was a good trade, considering Merrill and Paine Webber were going online and that online trading volume was OBVIOUSLY off substantially. The stock actually ran UP to 108 and change...thank God I didn't get stopped out...then went to 95 and change and bounced. I covered and made a few sheckels, but nothing to write home about...figured that the downturn in online trading volume had already been factored into the stock. Then today, all I hear on CNBC is about the drying up of online trades...as if this was some great revelation. Geez, if the CNBC reporters needed Schwab to admit this publicly before figuring it out themselves, then I guess they really are dumb as a post. Maybe next week, after the Internet stocks get bludgeoned some more, perhaps Bob Pisani can do a "breaking news" story on how the DOT may be hurt from Internet carnage. He must get his story ideas from smoke signals or by carrier pigeons...there is no other way to explain the "delay" in something happening and it being reported a month later. Memo to Bob Pisani: here's a story idea for ya--the Broncos won the Super Bowl. I'm sure it comes as a total surprise to you, but I'm sure you can craft a breaking news story out of it.