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To: Randy Ellingson who wrote (81081)10/18/1999 3:42:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164685
 
More likely is that we'll see pretty good earnings continue to be announced over the next couple weeks, and the market drop in the face of them. At any rate, if the market's lower a month or two from now, that will be fine with me as I'll have more cash to buy stock with by that time; I'm not really ready with sufficient savings now.>/i>

Randy,

I will have more money to buy with then too. Please tell me when:-)

Glenn



To: Randy Ellingson who wrote (81081)10/18/1999 3:42:00 PM
From: Eric Wells  Respond to of 164685
 
Randy - because of the incredible volatility in the market today, I would not consider this a buying opportunity (unless you enjoy a high amount of risk). I can think of several times today when I have walked away from my computer when the DOW was up 30 or 40 points only to return 10 minutes later to find it down 20 points. The Nasdaq seems like it has been on a steady decline all day - although it seems to be bobbing up and down at the moment.

Even if the current market negativity is a temporary short-term phenomenon, I don't see any strong positive indications on the horizon - despite expected strong earnings. I think Microsoft's report tomorrow afternoon will be key - I think if it is a good report, it may help to stabilize the market. However, if the report is bad, it may rock the markets - and by bad, I mean Microsoft just meeting expectations (not exceeding - or not exceeding by a large amount) and presenting a dim outlook for the future (as they generally do).

Thanks,
-Eric