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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (13295)	4/16/2000 10:53:00 PM
From: Sam	Respond to of 15132

CEO of CMGI calls for raising margin rates: Message 13438663

To: Justa Werkenstiff who wrote (13295)	4/17/2000 9:05:00 AM
From: Carl R.	Read Replies (1) \| Respond to of 15132

Good morning Justa. I finally figured out how to get back into SI over the weekend. Seems it was just a cookie problem as I was sending back the wrong cookie. I haven't been trading much this year, and unfortunately I always do better when I trade. Usually I'm better prepared for market turmoil than I was this time, but when you aren't watching you portfolio.... Everyone is comparing this with 1987, and I'd like to offer another comparison. Instead of the 1987 crash, I think this is more like the Biotech crash of 1992-93. I have had this Biotech graph sitting around waiting for this to happen, but I've been too busy to look at it until last Friday. If you overlay the DOT index on the biotech index from that period they are just about a perfect match. The Biotechs did not fall all the way to "rational valuations" and I don't think that there is any reason to expect the internet stocks to fall to "rational valuations" either. If my comparison is apt, then the DOT could fall further, to say 650, or it could stop here. It isn't likely to bounce very hard, though. Going forward I would expect the DOT to be very volatile, but to remain in the 700-800 range for the most part. As the group sorts itself out I expect winners to eventually reach their prior highs and loser to keep falling, with the net result that the overall index itself has trouble advancing. I should note that the Biotech crash didn't end up having all that much effect on the overall market. Carl

To: Justa Werkenstiff who wrote (13295)	4/17/2000 4:19:00 PM
From: Mr. BSL	Read Replies (1) \| Respond to of 15132

Today, the selling pressure continued at the open until the bargain hunters came in. Since the S&P500 finished up for the day, we can call Friday's 1357 the benchmark low for now. If we get a successful retest of 1357 in the next few weeks or so, and if we have an up day of at least 1% with volume greater than the day before, we probably put in a bottom IMO. This is still alot of if's. So far we have had the big down day on big volume, a spike up in the P/C, continued selling pressure on the next day open (today), and a close in positive territory. If we close below 1357 in the next few weeks, we start the process all over again IMO (big down day on big volume, spike up in p/c etc.) FWIW, Dick

To: Justa Werkenstiff who wrote (13295)	4/17/2000 5:44:00 PM
From: mister topes	Read Replies (1) \| Respond to of 15132

Justa, it has been said on the radio that there are a few people on the internet that do not respect the proprietary work of others and therefore they feel free to steal that property and even post it on their own website. It has also been said such people are the scum of the earth. It is sad some would stoop so low as to steal the intellectual property of another and post it on their website solely to serve their own selfish purposes. As you can see, this site itself has now become party to this sad fact. I have no respect for anyone who would steal such material and post it on their website. These are certainly people I want nothing whatsoever to do with.