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To: Robert Rose who wrote (99947)	4/12/2000 3:50:00 PM
From: SouthFloridaGuy	Respond to of 164684

Hey Guys, really interesting topic. I was talking about the same thing on another thread...let me get the post.

To: Robert Rose who wrote (99947)	4/13/2000 7:55:00 AM
From: d_trader_99	Respond to of 164684

Today is the key for NAZ Some have made the "buy" calls after yesterday's crash. After falling more than 25%, it is nature to make such calls. However, although a lot of small caps have given back 50-90% gain of their value compared with their recent highs (a month ago, a week ago), many Wall Street darlings still retain their 100 time PE or revenue. These high flyers are very strong and they would not fall without a meltdown of the whole market. This makes a further downside risk of NAZ. On the other side, 15% down in just 3 sessions is too fast and too much so that good earning from chip makers and B2B ARBA may lead NAZ rebound. One of the interesting thing is the last hour sell-off of DOW yesterday. If you think that it was due to the sale from these who shifted to the old economy earlier to get out with cash for changing horse again (back to NAZ), NAZ should bounce back today. However, today is the key to NAZ. If it continues to fall another 100 points, Silicon V's house would be no buyers at current price for the rest of the year.