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To: GST who wrote (73413)	8/12/1999 3:00:00 PM
From: Grandk	Read Replies (1) \| Respond to of 164684

Something has been on my mind of late. I have only been trading for a few years, so I am relatively new. I dont quite understand all that goes on, but I am learning, and find this board to be very informative and entertaining at the same time. I trade options, and occasionally write calls, but have never had the guts to short. ANyway, what has been on my mind lately is this whole y2k business. With so many new investors entering the market, daytraders are everywhere. I must say that a lot of them have no clue as to what they are doing. I have a couple friends who made some serious money with those stock picking sites. Companies pay them to profile their company, and gullible investors buy up the shares. I am not saying these companies are scams, but it blows my mind how much this market follows the herd. On that premise, what will happen as y2k nears? I believe this market is a bit ahead of itself right now. There are many good speculative buys, however, many stocks seem ripe for a fall. Im curious as to what the opinions are? The chicken little syndrome is evident in todays market. WHat happens when the large funds began to hedge thier positioms with puts, and then dump their shares. I know manipulation is illegal, but this sort of thing happens a lot. I am worried about the little investor. There is a lot of money to be made in mass hysteria. I for one am not too worried about y2k, but I am worried about the market sentiment. Anyway, Ive rambled on long enough. Any opinions/replies welcome.

To: GST who wrote (73413)	8/12/1999 3:06:00 PM
From: Robert Rose	Read Replies (2) \| Respond to of 164684

<For now, a low ppi means rally and a high ppi means sell. We won't know until the morning -- good luck. > My take too. As I am going on vacation Saturday, I am looking to lock in what profits I have before then. So I sold 1/2 my nem this am, and my dscm and hsac too. But I expect to hold my amzn, yhoo and gnet through my vacation, because I believe that no news through 8/24 can threaten the bottoms these stocks have put in. Thus, intermediate term, there is more upside than downside to the 'inet blue chips.'

To: GST who wrote (73413)	8/12/1999 9:51:00 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164684

as you probably know, GST, the fed has to look 9 to 12 mos down the road, because that is how long it takes for a rate change to really get worked into the economy. Many folks don't realize this, so they point to a local snapshot in time of data and try to make conclusions based on that. So any mo-to-mo data at this point is too late; I think the fed will raise by .25 They have only waited this long to protect the recoveries in other countries, otherwise they would have raised a while back, imo (or not cut in the first place). Victor