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To: Bill Harmond who wrote (90070)	1/6/2000 11:21:00 PM
From: Sam Sara	Read Replies (2) \| Respond to of 164684

William, first kudos to your sense of timing....impeccable. I am tempted to sell a portion of my holdings into any bounce, but I have the same problem that Robert Rose did in December (although he was wise enough to overcome it <g>- I love the stocks I am holding. I do not see any fundamental reasons for this decline- is it simple as liquidity drying up due to rising bond yield, profit taking, and sector rotation? Severe sell-offs should eventually engulf the Dow and S&P as well, and so far no major damage there. LU is a nonissue in my mind, esp. with CSCO and Nortel reassurances. I am thinking that this is nothing more than natural retracement of an overextended Nasdaq, and that it will bounce back in the course of about 3 weeks to at least a flat-to-gently rolling market, allowing leaders to reemerge. Lately you have been alarmingly on the money- what am I missing here?

To: Bill Harmond who wrote (90070)	1/7/2000 10:04:00 AM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

<The severity of this decline is awesome. > The pullback strikes me as orderly. Granted we've had healthy volume, but nobody seems that surprised or nervous by what's happening right now. Perhaps that will change as we experience the lows in a couple months. But I don't expect this decline to be as severe as the '99 correction. Why? Because I don't see three rate increases in the offing this time around. Disclaimer: Holding 50% and happy to avoid taxes on those gains in 4/2001.

To: Bill Harmond who wrote (90070)	1/8/2000 3:04:00 AM
From: craig crawford	Respond to of 164684

>> The severity of this decline is awesome. I wouldn't go long anywhere (unless it's for short nimble trades) for the next three months. All the severe sell-offs since 1990 have lasted at least that long. I'd just stay clear and be in no hurry. << I think you are getting too bearish. There is plenty of opportunity to make money on the long side in the short-term. This is just quick, sharp profit taking in my opinion and will be over in a lot less than 3 months. Probably won't even take 3 weeks.