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To: Alski who wrote (11871)	2/2/2000 10:55:00 AM
From: The Ox	Read Replies (1) \| Respond to of 14427

I checked out the GALT numbers and charts. I'm thinking this selling is a bit over done. The company is going to have a tough 1st Q '00. It may be dead money for a while but I find it hard to believe that it's going much lower if the market holds. I know that's a big IF but I don't really expect the market to totally tank here. I'm not suggesting loading the boat but it may be worth a look at the current level. EPS estimates for '00 are in the 70's cent range and in the mid 90s for '01. CSFB put out a $38 price target after the earnings release. Now they may have simply tried to slow the selling to get their clients out of the stock but for a chip stock to be selling around a 20PE on this year's earnings it seems to be in the 'bargain' category. There's no doubt that the chart looks like it's fallen and can't get up but I think it may be a decent contrarian play.

To: Alski who wrote (11871)	2/3/2000 8:39:00 AM
From: Alski	Read Replies (1) \| Respond to of 14427

I suppose y'all are as aware as I of the current market psychology and agree with my statement a few days ago: "Fantastic reports ain't good enough unless they're accompanied by a "and we'll do double that next quarter" statement." This one has to take the cake though: "Amazon.com posted a fourth-quarter loss of $0.55* a share after markets closed on Wednesday. The Wall Street consensus forecast had been a loss of $0.48 a share including goodwill.* [missed by 7½ 15%] "Shares in Amazon.com Inc. [AMZN] strengthened in pre-opening trade on Thursday after the leading online retailer posted a bigger-than-expected fourth-quarter loss but promised to staunch the flow of red ink this year. "Amazon (AMZN: news, msgs) powered 10 13/16, or 16 percent higher, to 80 1/4 in Instinet trading, up from a Wednesday close at 69-7/16. Sheesh...Alski