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To: Braddock Bull who wrote (47243)	7/1/1999 11:25:00 PM
From: Crimson Ghost	Respond to of 95453

braddock: If you want to buy the NSDAQ here you had better be very nimble. This index seems to be nearing a peak. Most of those OS layoffs are old news. Simply put they mostly involve the implementation of earlier layoff announcements. In any event I view layoffs as good news down the road since they make those firms super lean and mean and able to print money when things turn up. I do agree that OS is not likely to take off in the immediate future. But it is one of the few groups that still has enormous upside potential compared with the risk.

To: Braddock Bull who wrote (47243)	7/2/1999 2:33:00 AM
From: double-plus-good	Respond to of 95453

there might be some short term trading profits to be had in the traditional mo-mo sector, but my bets are on this being the last quarter for insane dart throwing speculation on (.com) stocks. there really is a war going on between the long-time bulls (kudlow, battaglia and many more) who are apprently of the belief that they can will inflation away by concentrating on core price increases excluding "the volatile energy complex." sure its true that the infinite number of brainless low paying jobs soaking up the employment numbers bottom end coupled with the get-tough approach to social services has helped to squash wage growth numbers. going out though, the wage pressures in the mgmt. and technical sectors coupled with the wealth created by asset inflation with the addition of a return to sane (and perhaps over) priced energy must surely spell the end to the excesses that we all have marvelled at over the last couple of years. increasing energy prices in an expanding global economy with tight labor conditions spells trouble for this market. kudlow is going to be eating his words, and lets hope he and the many other ostriches are held to account. this will be the last blow-off IMHO and it will be torrid on the way down. so few are willing to recognize the trap that has been set up because the few bears the street has had have been punished and excommunicated. i don't wamt to pick any dates but my guess is that by the end of earnings season we will have seen the years high on the dow and nasdaq. fortunately the osx will have higher ground ahead of it. but not before a big shakeout that will look very "v" like on the charts. as it is the osx is near the best performing sector on the first half. one has to give slider some respect on his call. the near-term prospects are still sucking eggs, and this sector will be sold viciously in a wide draft down. maybe that's where gary's e-w prognosis will hit on all counts. and after that i look for the mother of all rallies. just my 2 cents of course. very long oil, gas and the commodities. and low priced calls on gold may be one of the best contrarian bets. and i have never bought gold. plan your trade and trade your plan. if oil goes up the airlines go down. so far that saying is not in effect. any opinions out there on sectors to short with an oil spike? good luck, brian

To: Braddock Bull who wrote (47243)	7/2/1999 9:20:00 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

I expect the analysts to "wake up" once earnings season gets underway. We appear to be running the same scenario as last quarter: "Oh it's gonna be just AWFUL!!" followed by "Hey, it's not so bad after all". In particular, the micro, small, and mid cap (and possibly the large cap, even though they have major problems) E&P's are going to be singled out as a bright spot in the industry this quarter. I believe this so strongly that I have already put my money where my mouth is.