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To: JSB who wrote (8219)	6/30/1999 1:39:00 AM
From: Richard Tsang	Read Replies (1) \| Respond to of 118717

Jeff, it is funny. Sometimes it takes just a couple of trades to turn on the aggressiveness. I am optimistic that July-Aug will treat the stock market well, but Sep-Oct will see some serious sell-off. The Asian market recovery is ahead of its economic recovery. Singapore for example is hitting all time highs while the economy has yet to get out of its contraction mode. There is a high possibility that the October sell-off will repeat this year. This is, maybe good reason to be on the conservative side for a while. EELN is the first mortgage net stock and led by Goldman, hence the surprising demand. Think the i-nut funds wants to have this in their portfolio. Don't feel bad you didn't get it. There are many good stocks around. The recent pullback of PCLN did not meet my price target but I will just keep my GTC at the original level. The rumor mill now ups the buyout price of TIE by Alcoa to 22. The last I heard was 15-16. The valuation and short interest make TIE a good candidate for the people to "pump", I think. streetadvisor.com I did some workout at the driving range today to prepare for tomorrow's league play after work. I started to enjoy this funny game, as much as it frustrates me! Rich