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To: Voltaire who wrote (5785)	3/1/2000 7:49:00 PM
From: T L Comiskey	Respond to of 35685

Voltaire...PM... Wednesday March 1, 7:30 pm Eastern Time INTERVIEW-Wall St strategist eyes Nasdaq 5,000 By Kristin Roberts NEW YORK, March 1 (Reuters) - The irrepressible Nasdaq may be just days from breaking 5,000 as Wall Street shoves cash into biotech and Internet names, chasing what could be the next high-flyer, said Scott Bleier, an investment strategist at Prime Charter. Nasdaq bolted through the 4,700 mark Wednesday on biotech strength to log its 13th record of the year. It has gained 700 points in just eight weeks and is up 17.5 percent in 2000. ``But I don't think 4,700 is really the number. I think the number is 5,000,' said Bleier, chief investment strategist at Prime Charter Ltd. "I think Nasdaq can hit 5,000 in only a couple of days. It doesn't need a whole lot of time, considering we're at 4,780. ``That is such an incredible level of performance, not only relative to itself but to its peers and the other indices,' he said. Gains in biotechnology stocks have boosted the tech-driven index to unprecedented heights in 2000. On Wednesday, the Nasdaq composite index (^IXIC - news) surged 1.86 percent, or 87.39 points, to close at 4,784.08 on record volume of 2.24 billion shares. The Nasdaq biotech index (^IXB - news) itself has climbed an astounding 73 percent so far this year, making it Nasdaq's best performing sector. On Wednesday, the gauge flew to 1,528.71, a new high and a gain of 3.55 percent. ``Everybody wants to own the same stocks and money managers being forced to jettison the old line and buy the new age,' Bleier told Reuters late Wednesday. ``There are no earnings worries to burden many of these stocks,' he said, noting that investors are buying many of the hot new biotech and Internet names based on hopes of future earnings and corporate successes, not real-time successes. That recurring rally in once-ignored, small-time stocks, has also lifted the Russell 2000 index (^RUT - news) to new highs while the blue-chip Dow Jones industrial average (^DJI - news) has lagged. The Dow is down 11.82 percent this year while the Nasdaq is up 17.56 percent and the Russell, up 16.56 percent. ``Nasdaq has changed the structure of the market. People want to know what the Nasdaq is doing, not what the Dow is doing,' Bleier said. "When they ask about the market, they want to know what Yahoo! (NasdaqNM:YHOO - news), Qualcomm (NasdaqNM:QCOM - news), and JDS Uniphase (NasdaqNM:JDSU - news) have done. People want the next 30-point gainer. ``Is it going to end at some point? Yes. When? I don't know. Do we need to be in on this? Absolutely,' he said.

To: Voltaire who wrote (5785)	3/1/2000 7:55:00 PM
From: Voltaire	Read Replies (2) \| Respond to of 35685

Well gang, got a call today from another fortune hunter. You remember my friend that I told you about that had taken $20,000 to almost $900,000 in AOL and then lost all but $120,000 and I told him when he was around $900,000 to cash in buy stock and see what the chances were that he could live off of $90,000 per month. He repeated the process with QCOM and guess what? He called today to tell me he had only $150,000 left. This wa when ELON was around $73. I told him he could picked up about $18,000 in about the next 17 days and guess what, he finally saw the picture got ELON at around $75 and wrote some calls and called back and said it sure felt good not to have worry. He said you know, I believe I could live off of $18,000 a month. I said yes, and about $36,000 on margin I said. I think now he will build his good life first and then start on his fortune, it didn't work the first two times. V