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To: Sarmad Y. Hermiz who wrote (67208)	7/12/1999 2:03:00 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>And the funds proved they won't buy until the 120's Great Post, Armad. However, I disagree with your thinking that institutuions haven't been buyers all along this way up from 120. I don't know the numbers to back myself up in this belief, but I'd love to see them!

To: Sarmad Y. Hermiz who wrote (67208)	7/12/1999 9:16:00 AM
From: Jan Crawley	Respond to of 164684

So, my plan is still to expect the 130 to 160 trading range, but with a quick and scary dip into the 120's. Sarmad, I agree, but I think that those trading ranges will not happen until Aug/sep. For July, there is still some actions due to the Amzn/Aol/Ebay...reports. See, when I am watching the LvlII trades, I see those "trading reps", such as GSCO/MSDW, as individually operated on-going business with carrying costs and oppt. costs associated with their net stocks inventories(long, short, options). It's like selling hamburgers or shoes; they have to move all the time. p.s. I am looking at 4K Lcos shares traded at 108 1/8.