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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: John Stewart who wrote (2365)	1/3/2000 1:21:00 PM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 3661

This a certainly a crazy market. I did some selling (not MTSN or SVGI)into this morning's rally when the market went bonkers to the upside. Then, I went out to do some errands, and when I returned I flipped on CNBC to discover that there had been a huge reversal in the Dow and NASDAQ. This was not surprising since I thought there would be some tax selling today in the big 1999 gainers like QCOM and CMGI as traders deferred gains until 2000. When I saw CMGI trading at +33 and QCOM trading at +30 on the pre-split shares while the rest of the market was tanking, I couldn't believe it. Never, never estimate the power of a short squeeze. I am convinced that the bubble will burst in these high flyers, but not until just about every short is wiped out. Phil