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To: Rajiv who wrote (404)	7/2/1999 5:48:00 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 790

ONSL looks like it could be a good play.

To: Rajiv who wrote (404)	7/2/1999 5:57:00 PM
From: Peter V	Read Replies (1) \| Respond to of 790

Few threads that I frequent have much traffic this week, I guess because AG and Mr. P are on "vacation." But I thought I was alone here for the past few days. Let's see if we can get some posts on here next week. As for RBAK, I guess you made a wise move. It was weird, however, how it suddenly jumped in volume and price in mid-afternoon, I thought all the traders would have gone home early (but as you say, maybe that's what happened and all the shorts wanted to go home without holding it). Boy it's volatile. I know it has a low float, but even today it only traded 1/10 the float (or 1/20 if you look at double counting). Given how the bid/ask moves up and down without any trades occurring, it appears to be a bit manipulated as well. Have a great holiday.

To: Rajiv who wrote (404)	7/3/1999 12:56:00 PM
From: surelock	Respond to of 790

Rajiv, I closed approximately 50% of my short positions last week, including several on the opening Thursday morning. While I continue to believe that most of them are destined for penny stock status, some examples being TMRT, CCSI, BIGG, HITT, XDSL, there was no sense in ignoring the oncoming train. In a market that couldn't care less about such boring historical valuation criteria as revenues and earnings, the words "neutral-bias" were greeted with the enthusiam one might expect for the announcement of a cure for old age. It's only been a couple of weeks since many internet stocks were chasing each other down to more reasonable levels, and here we are again with many making new highs. Now the consensus seems to have turned full circle, and many seem to agree that we will have a strong summer rally. Personally I am more inclined to think that conditions this year are much different than last year, with so many secondary and new issues continuing to supply paper. There may be a few more days of strong upward bias, but I am watching carefully for this rally to fade, and will be re-establishing short positions in the weakest of weak companies. Thanks for your consistently excellent posts.