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To: Jill who wrote (1232)	1/17/2000 8:36:00 PM
From: Jill	Read Replies (1) \| Respond to of 8096

Also, for anyone in JDSU...they are merging with ETEK

To: Jill who wrote (1232)	1/17/2000 9:25:00 PM
From: Bridge Player	Read Replies (2) \| Respond to of 8096

I understand that Voltaire has said that QCOM is a lock to hit $170 prior to earnings, or words to that effect. I have no opinion on the call play. I believe that V also is predicting a rather nasty break in the NASDAQ shortly. If QCOM should get to the 180 range in the next 2 or 3 weeks I would consider shorting the stock. This is not to say that I advocate this for anyone else. BP

To: Jill who wrote (1232)	1/17/2000 9:54:00 PM
From: taxman	Respond to of 8096

"look at MOT today!!" according to microsoft and motorola boards, motorola missed the whisper number. regards

To: Jill who wrote (1232)	1/17/2000 10:54:00 PM
From: taylorfife	Read Replies (1) \| Respond to of 8096

Jill...I posted that. What do you think of the play? Might buy 10 calls and sell next week no matter what.

To: Jill who wrote (1232)	1/18/2000 12:43:00 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 8096

I sense a large scale beartrap about to form focusing upon QCOM primarily, but major new tech leaders generally here is what I see unfolding until Jan3rd we saw an historic monstrous runup in stocks, in particular technology stocks that was the entire Y2K rally I anticipated, we got it now comes the other side of the mountain (complete with Fed Screwups possibly, maybe not) the Fed is typically not content in allowing market forces to slow down the rampup market forces independently raised interest rates and will soon wind down supply line replenishment orders the Fed feels compelled to participate in the controls they might raise rates twice before summer, hoping to finish their shitwork before elections apart from Feds, here is what I see the Y2K rally peak was so utterly phenomenal, that matching those levels will be difficult I dont think we will match them, but I never dictate scenarios to the market I only watch for signs confirming or dismissing both QCOM and the NazComp now are at support levels, awaiting a new runup the steam, momentum, mojo, whatever you call it -- IT IS GONE momentum is incredibly difficult to win back I sincerely doubt QCOM will get to 190 highest I see likely is 180-185 I made a TA call last week pointing to 210 that TA calls remains on record, so now must be watched on progress the highest American close was 179+ on Jan3rd or so a confirming piece of evidence will focus upon volume of Qshares traded volume is way way down from average now if QCOM only gets to 180 level, and NazComp only gets to the 4200-4300 level, then look out reaching old highs is likely to trigger a huge widespread selling spree the technical pattern of a two-stage selloff just finished on a shorterm basis the technical pattern of a two-stage selloff on nearterm basis only now completed its first nearterm stage shorterm defined as 1-3 weeks, nearterm as 3-7 weeks (loosely) the extreme heights of the Y2K upside now radically increases the likelihood of a two-stage nearterm selloff the market will contain little confidence that the worst is over, that it is now safe, until we sell off again I suspect after QCOM gets to nearly the old closing highs, we are gonna come down hard again I expect after the first or second week of February, we will bang off 160 again then we will head down to 140 again if the Fed screws up, and they have plenty of history that leads me to believe they will, we go lower when any second rally gets to old highs, with lessened volume, it is called a "beartrap" in 1993 and 1994 and 1995, I had the displeasure of buying into several of them no better learning experience than losing your own money, examining the damage in post mortems I smell a beartrap coming naive investors will be buying in disproportionate numbers they usually populate the traps in droves I will be watching closely those who have high buy prices might consider selling a large number of shares especially sell the new shares bought on margin those who have low buy prices from before Nov99, consider selling option calls against your positions I plan to sell option calls since I have a gob of shares bought at 40-45 per share a gob of shares I will obtain from converting options at prices of 70, 82.5, and 100 I want to get past the one-year mark on these shares, making their gains longterm capgains I expect the decline to last from mid/late Feb to mid/late March of 2000 we just finished the latest downcycle on QCOM and major techs if not finished, then surely close to it we appear to be in midst of beginning new upcycle on major techs I expect tax selling will start early, as most every seasonal event since 1998 happened early the tax selling season is sparked by those who raise cash from sales to pay April 15th taxes that is about it, hairy shit any comments welcome / Jim Willie