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To: Jatin Kadakia who wrote (1024)	4/16/2000 12:07:00 PM
From: Veiko Herne	Respond to of 1238

Jatin I still don't consider current moment as market crash, even some journalist will write using this term. In bootcamp, there was question, who have influenced by current NASD situation and evaluate BP. None. Even more, there was lot of attendees from Eastern Europe, Israel, Scandinavia who just want to incorporate to US. The biggest problem was announced as HR. There are -25% unemployment in technology field. So technology companies will do everything to get employees for example from Estonia. In Chicago, my prospective partner was from HR field and told, that current situation for HR software looks very good. By him, never in the US history, there has been unemployment situation so good. In Great Lake area, where the US production is, every company is expanding and all the HR staff are busy with recruitment. In my opinion, current NASD state is simply waiting. Every buyer want's to wait how low the market goes and sellers are in panic. US dollar is still in very high rate, compare to EUR. So, I believe, it's very volatile correction but not market crash. If I'm right, there will be big ride soon for every stock. Soon means within few weeks or maximum month. But the NASD can go even below 3000 meanwhile. Veiko

To: Jatin Kadakia who wrote (1024)	4/16/2000 8:05:00 PM
From: Shinie	Respond to of 1238

Jatin, The comparisons between black Monday of 1987 and last Friday: In that day of 1987, Dow Jones dropped 22.6%, Nasdaq 11.35%. Last Friday: Dow Jones dropped 5.65% and Nasdaq 9.66%. If you think about how much Nasdaq grew last year and most of them based on all these Internet Stocks that haven't shown any profit making yet. There is a terminology to describe this kind of stocks: "Concept Stocks", like that of the "Concept Cars" used in Auto industry for the cars which design is quite trendy but won't be put into manufacturing in at least a couple of years. I heard someone that I know whose paper lost is already over several 6 figures over these Internet stocks by last Friday. The worst thing was he used Margin to buy them. Like you, I learned my hard lesson a few years ago. We had to sell all other stocks, borrowed from 401s and relatives. I worked 55~60 hours a week tried to make ends meet. Fortunately, the stock that brought me all these troubles-FRTE- had recovered nicely and I had stacked with it. Since It was bought by SUN Micro last year, I have gained almost 4 folds on it. By Friday, Sun along with Centura and a couple of others were the only stocks that still kept our whole portfolio positive. Ironically, they were both the big losers to me for at least two years in the past.