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To: paulmcg0 who wrote (4505)	8/5/1999 5:17:00 PM
From: Keith Lenart	Read Replies (2) \| Respond to of 7772

Exactly Paul. These guys just kill me. Ebay (and other I-nets) spike today on manic buying (due in part to short covering) and all of a sudden this is a "bottom"!?! This strength is a great opportunity to short more.

To: paulmcg0 who wrote (4505)	8/5/1999 6:13:00 PM
From: Nelson Chang	Respond to of 7772

>>>I guess you have never had the term "sucker's rally", where a stock in decline makes a brief turnaround, but the long term trend is down.<<< I don't care how experienced you are in this market, there is no way to tell if this is a "sucker's rally." Maybe it is, maybe it isnt. We have the downtrend on the dots, we have the employment number tomorrow, we have the bounce from today's intraday. Too ambiguous. We need: 1) the employment figure tomorrow. 2) to see how far this rally takes us. If it fails to reach any significant highs, then it's nothing more than a failed rally - which has suckered in many traders. It could, OTOH, break the downtrend. There is just no way to tell from just one day today. So those of you calling the other wrong is just unwarranted. There is no way either side could possibly know if they are right. Most likely, we won't stay at this level for long. Today was a good day to straddle options - if you could find the right hedge and a low premium.

To: paulmcg0 who wrote (4505)	8/6/1999 5:27:00 PM
From: paulmcg0	Respond to of 7772

I guess I should update my previous message about how many dollars worth of market capitalization EBAY has lost since its 52 week high. Add another billion dollars or so to the previously mentioned figure of 17.7 billion. As the Congressman said, "A billion here, a billion there, pretty soon you're talking about real money!"