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To: Sarmad Y. Hermiz who wrote (65123)6/28/1999 2:14:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Agree with all that. I just don't like the fact that the DOT is bucking the trend of
everything else and selling off.


Sarmad,

I like it as much as you do<G> Not a bit. It looks better now. There seemed to be initial panic earlier after the Blodgett comment friday after market close about AOL. I will share that in a PM to you at a later time. Suffice, it was ataken a bit out of context and it appears some insitutions lightened up early and the retail players are still selling a bit. Insitutional money is moving back in but they no there is no large rush. That is very clear. I will be leaving for work shortly and feel this sector is under control.

It is also my understanding the the net fund baskets have a fair amount of cash. I cannot confirm this from a fund manager but can from a floor trader.

Glenn