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To: jim_p who wrote (64880)	4/18/2000 1:41:00 PM
From: DYW	Read Replies (2) \| Respond to of 95453

While you may be right, for your own sake at least consider the possibility that tech is not a mania. There definitey were excesses - probably still are - but remember that most of the real "mania" stocks had already lost as much as 90% - many of them even before the downdraft began a week ago. There really is a technological revolution going on, and there really are huge amounts of money to be made. So somewhere, some stocks do deserve to be trading at very high multiples. The question is just, which ones? Taking that in to account, I think it's quite ludicrous to expect to see a 60 - 90 % correction in the overall Nasdaq composite, or in any diversified barometer of tech stocks. In fact, the bigger and better companies probably have room to become even bigger and better than they were at their recent highs. It is only the trash that has to lose most of it's value, and I think you will find that mostly it already has.