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Technology Stocks : Mortgage.com, Inc- (Nasdaq: MDCM) -- Ignore unavailable to you. Want to Upgrade?

To: Dolfan who wrote (478)	10/28/1999 4:01:00 PM
From: Peter Fein	Read Replies (1) \| Respond to of 516

I think short covering was part of the reason we're up so much (the slow downward drift of the last week or so felt a bit like short pressure). We may have hit some stops at around 10 which gave us that pop to 10 3/4. The short covering, if there was any, is probably an attempt to limit losses. I got in at 8 & change & was looking for at least 11 & change, idealy in the 12's. This thing has a tendency to come down after pops & that plus bad earnings could send us back to the 8's. Or up another $2 if it's good. I need to think on this one a little more, especially b/c I don't like holding through a number.

To: Dolfan who wrote (478)	10/28/1999 4:26:00 PM
From: Joe Hoek	Read Replies (1) \| Respond to of 516

I think todays action was a combination of lower rates (whew) and earnings kicking the shorts out. Finally timing was on our side this time. Last time we started rallying (up to 13) Uncle Al Greenspan did his damage and you know the rest. BTW Uncle Al SPEAKS tonight (ugh)... There was a lot of buying going on at 10 3/4 and then some selling in the last 2 minutes pushing it down slowly. EELN also did good today - I'm not sure if EELN pushed MDCM up or visa versa. All in all the intrest rate tomorrow will have just as much impact as the earnings I think. If rates drop more and the report is good we should go much higher...