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To: Glenn D. Rudolph who wrote (72082)	8/5/1999 11:03:00 AM
From: dclapp	Read Replies (1) \| Respond to of 164684

don't, Glenn. if "capitulation" has been reached, you'll see a bottom characterized by low volume. and "broken" stocks take a long time to come back -- see psft, for example. let other people "pick the bottom" ok??? doug

To: Glenn D. Rudolph who wrote (72082)	8/5/1999 11:49:00 AM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

>>Capitulation has been reached. I disagree. I think we are still going lower - if not today, then at some point during the following weeks. I doubled-up on my YHOO short just a few minutes ago. Of course, if the nets do rally, I will move to cover all my shorts, as I believe the nets are all still very volatile despite their recent downward trend. But the only thing I can see in the market that might even suggest a capitulation is a 44 point rise in the Nasdaq (from down 68 to down 24) and the fact that all the nets (except AOL) are currently up a point for the day. My belief is that this won't last for very long. But best of luck to you with the stocks you have purchased. By the way, in your purchase of AOL, are you not concerned about the news in this mornings WSJs speculating on Microsoft offering free internet access? Thanks, -Eric