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To: Lizzie Tudor who wrote (75785)	8/30/1999 4:09:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

Man look at that tape painting on QCOM at the close. Back up 2 points on 10,000 shares in 10 minutes, while it took 2 million and all day to drive it down 2 points.. Hope they don't paint the tape even more tomorrow! :(

To: Lizzie Tudor who wrote (75785)	8/31/1999 10:31:00 AM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

<Are you short anybody?> Nope, as that's not my trading style. Right now I'm 65% cash. Still long ntop, ntro, idtc, efnt. What AG did was put a price lid on the inets. To avoid a rate increase, we're going to have to keep stock prices in check. As the inets lack momentum anyway, they will trend with the overall market through the Nov FOMC meeting. Then they'll finally ramp up in anticipation of 4Q earnings. What we are seeing is a narrowing of the dot's trading range. The recent high last week only attained 600, a full 15% below the previous high set in early July, and a full 25% below its all-time high in April. As nothing much is wrong with the strong US economy, I forsee the dot making a higher low of 500 by early Oct. That's only 18% below its high last week. We are now half-way there. Thus, after their roller coaster gyrations throughout 1999, the inets are finally beginning to base. This is welcome for the investor, but not for the trader. Price appreciation from late Nov 1999 going forward will be more moderate, but more sustained, imo. Rob