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To: BigBull who wrote (65014)	4/19/2000 6:08:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Jerry Castellini of Castleark MGMT on CNBC (good Chicago boy) pumpin Oils ! ... mentioned NBR as his top pick, GLM was his prior; said in essence - lots of tech money coming to the patch. Bullsky; hang tough; I'm using stops real well here, but in tech - there will be some stocks taken too far in the opposite direction here - margin selling, fund redemptions, heavy shorting et al. I'm trolling for names and I don't believe for a damn minute we hang for more than a millisecond under NAZ 3000 - can't; look at all the ammo everyone still has here - bullets are flying! Remember; Institutions wiped out the "fluff" here - Brokers dumped margin call positions in a heartbeat - got really nasty here. Institutions are also NOT going to let their own returns go down another 20-25% here ; bank on it. They had lots of cash from the last frothy run here, sat on much of it & got out before the individual investor did. Now, they'll also be the first ones back in. They'll support the "players" here. INTC & IBM to many, including me - are NOT what this tech revolution & story is all about. INTC to a degree is - an obvious Gorilla; but big & slow is NOT what is making the major money here - lean, fast & cutting edge is... Csco is NOT going to be an upside appreciation leader, it's now like owning Wal Mart of late - safe, but with great upside. It's those semi's in the sweetspot of a multi-year cycle, subsectors like "storage" (EMC NTAP), optical, wireless & cable that will be the plays to own. I am pumped up ~ Happy as hell to have finally "gotten in" - it does NOT matter if its the bottom; I KNOW these companeis will be phenomenal 2-3-5 year stories. Trust me; if we don't sell off 150-200 points tomorrow on the NAZ; come monday - the markets rally. There is simply still way, way too much money ready, willing and able to step in and buy value & quality here. NAZ returning back to 5000 by year end will present some ungodly opportunities here imho. The upside for tech & the internet for the companies that do become the "Gorillas's & Kings" is phenomenal... I dont think it is really that hard to sift thru the sand to find the nuggets here. Untill I'm proven otherwise - this is 2nd to only Oct 98 here... opportunitywise. I "Aint" missing it.... but; am respectfull & fearfull enough to just be limiting myself to 1/2 positions; either I get to add at NAZ 2650-2850; or I nibble on the way up, or ride LT with only half of my inteneded Tech/iNet investment & then twist my arm Irene - I'll just have to buy more ESV FLC PGO BSNX et al.... Dont be afraid to get a "little" wet here Bullsky (iron man of patience). OII PGO & BSNX especially look like 3 nice safe bottomed niche plays here, that are begging for ole' Bullsky to own them...(VBG). late edit: Bullsky - here's your Intel call (VBG): <<Needham & Co. analyst Tad LaFountain has downgraded Intel following its earnings report to an "avoid" from a "hold." He believes the shares are fully valued and would use them "as a source of funds." He sees the long-term growth rate as problematic due to competive pressures in Intel's core business and the high cost of entering other markets. Also, the increase in capital spending to meet capacity constraints appears to be "too little, too late to protect from competitive gains for several quarters." LaFountain now has a $60 price target on the stock,...>> ...like I said, big dinosaurs are NOT the story here now and they will NOT stop the story - just like Sears taking a pill - someone new steps up...