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To: Bill Harmond who wrote (90078)	1/6/2000 11:46:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

There are going to be some fantastic buying opportunities I sold some INTC and LU in the past two days; sold all my Emc shares. What will you be looking for?

To: Bill Harmond who wrote (90078)	1/7/2000 12:01:00 AM
From: Sam Sara	Read Replies (1) \| Respond to of 164684

>When you have a group priced on expectation like the Internet stocks have been, there really arent the tools to validate a purchase decision when the market moves against you, so I think this decline will probably become a very emotional market-clearing event. The volatility we have seen has certainly been impressive, but I wonder whether the perceived significance of this decline is being magnified by market volatility. I am sure you have seen YHOO and AMZN go through some tsunami-like moves up and down early in their lives, and those times are barely remembered. Such is the nature of these stocks... I wish I were a better trader to take advantage of these cycles. I am glad to hear that the fundamentals of many of these companies are intact. As usual, it comes down to time horizon of investment and your stomach for declines....FWIW I think we will soon see a short-term bounce up, perhaps even tomorrow or Mon- doom and gloom everywhere is an excellent contrary indicator. It will be tough selling stocks like QCOM and CMRC into that bounce, but I may turn over a portion of my holdings to generate cash for those promised buying opportunities....

To: Bill Harmond who wrote (90078)	1/7/2000 10:20:00 AM
From: Robert Rose	Respond to of 164684

<I can tell you from the meetings I attended that the fundamentals of the leading companies are very much intact, and in many instances business is accelerating.> This fact should cushion this sector decline, I would think. For example, if and when yhoo reports blowout earnings and revenues on 1/11, the pullback may not reverse because of it, but yhoo's numbers should help to bolster confidence among holders like Mark and myself.

To: Bill Harmond who wrote (90078)	1/8/2000 3:29:00 AM
From: craig crawford	Respond to of 164684

>> so I think this decline will probably become a very emotional market-clearing event. << 10% Nasdaq correction in just a few days is not "market clearing" enough? What more do you want? 20% in the next few days? 30% by expiration? Even powerful declines have rallies, and we were sure overdue for one. I suspect this rally is not over yet. >> but I don't think we're anywhere near a safe entry point, especially if economic strength keeps the bond market down. << Possibly, but I think it depends on what companies you are talking about. I think MSFT has bottomed. I think the selling on instinet in the 107's was the low for a while. People threw just about everything but the kitchen sink at old Mister Softie. Rumors of missing the quarter (what a crock), rumors of the Chinese government banning use of Win2k, LU and GTW warnings, etc. MSFT rallied back in the face of all that.