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To: Ibexx who wrote (49406)	11/12/1999 10:23:00 AM
From: LindyBill	Read Replies (2) \| Respond to of 152472

When you set down to Thanksgiving Dinner, use the new "Quillionares" prayer: "God Bless Irwin Jacobs and his relations" and keep us in our proper stations".

To: Ibexx who wrote (49406)	11/12/1999 10:47:00 AM
From: Jeff Vayda	Read Replies (4) \| Respond to of 152472

Ibexx: I might be stating the obvious to some, but I throw out these thoughts for slower people like me.... You mentioned no Street type wants to have it pointed out that their portfolio does not contain the single highest flyer on the S&P 500 this year. So we have buying up until the cut-off date for the reports, sometime close to the end of the year. Voltaire has been making comments as to the efforts of the MMs to shake out the weak hands come split time, which is at the end of the year. So at the end of the year we will have multiple 'sell' pressures adding up: the people who are uncomfortable with the level of their exposure; the people who are selling the portfolio window dressing; the profit takers countering their losses; the "What the hell it is the millennium and I'll sell some gainers." group. Add all these sellers together and you get some significant pressure, which feeds on itself with the marginal sellers who have not come to the table yet. Bottom line, I see the possibility of a big downward run come the end of the year. No worry to me, but there could be a big paper loss ahead. Remember the old days (ha, last year this time!) when we all commented how smart we were to take advantage of those types of 'buying opportunities'? Jeff Vayda