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To: chowder who wrote (62071)	3/13/2000 7:13:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

dabum Why would you think the QQQ splitting would have an effect on the stock price? The QQQ moves in lockstep at 5% of the Nasdaq 100 which moves in lockstep with the price movements of the weighted 100 stocks in the index. siliconinvestor.com Seems to me it will just trade at 2 1/2% of the index. As far as passing the Dow.....hmmmm. The Nasdaq 100 is the most grotesquely overpriced group of stocks in the history of any stock exchange anywhere. Average PE's are far in excess of 100 (for the few with earnings) and easily surpass Tokyo 1989. It is the purest of speculating, trading pieces of paper that have no connection to the underlying companies and hoping you will have a chair when the music stops. Also, Dow Jones has started replacing "old economy" junk with NASDAQ hi-fliers like MSFT INTC to try to goose DJIA performance. CSCO SUNW and others may be next so the two indexes may resemble one another as time goes by. Now if the Dow falls to 5000, your scenario might come true. disclaimer: Disregard everything I said. I've been dead wrong. Put your dough in QQQ's. You'll make a bundle. John

To: chowder who wrote (62071)	3/13/2000 9:06:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Dabum - On QQQ; you're on your own. I simply can't imagine INTC, CSCO, and SUNW getting anymore overvalued than they are. My bet is that INTC leads the fall, as pricing erodes during transition to a new chip, ie the Merced. But after the Merced ramps in volume, INTC will be an animal again. The Merced will be truly awesome. I can't wait - true 64 bit cpu's - yeah baby yeah. I feel that the 95 - 96 level will provide really rock solid support. Basically, I think we are looking at 2 maybe three more days of selling. My buy candidates are FLC, PDE, PGO, HOFF, and GLBL, maybe KEG (if it ever goes down). People are really starting to smell those positive comparisons. I don't think crude goes much lower than 27. If it does OPEC calls emergency meetings and reinstitutes the cuts. OPEC is in no mood for 20 dollar crude, period.

To: chowder who wrote (62071)	3/13/2000 9:27:00 PM
From: Roebear	Read Replies (1) \| Respond to of 95453

dabum3, Have had a rather long day with another one tomorrow. So this is no guarantee, not having had much time for study. NDX is on or very close to 13MA support, if it breaks that tomorrow then a very sharp and quick sell off is possible with support in 4100 area(is that an evening star I see or just close, getting blurry eyed). This view is also taken by securitytrader.com, who called the Naz bull current levels months ago (would that I had then). I would not take any long positions until it approaches that area, but only IMH and overworked Opinion. Currently I am short this index for the last few days and trying to decide my exit point. For me my short is functioning as a hedge and a place to make some bucks while I have been too busy to look for some more E & P buys, (just holding my UPR, oil wise). Roebear