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To: Boplicity who wrote (16624)	4/27/2000 1:43:00 PM
From: Venkie	Respond to of 35685

Message 13511901

To: Boplicity who wrote (16624)	4/27/2000 1:49:00 PM
From: No Mo Mo	Read Replies (1) \| Respond to of 35685

Thanks Greg.... I don't know. Since the end of '99, my trend has been down...lower lows and lower highs. For the past month or so I (rightly or wrongly) have been lurking on LG's Market Direction Discussion Thread and The Clown Thread. Maybe it was the wrong time to start to absorb downbeat information but many posters there have offered logical explanations for what's been going on during this decline. On top of that, their repeated calls for a total crash have me very spooked. They talk about the Fed trying to keep the market in check with interest rate increases and, at the same time, Greenspan injects HUGE amounts of money into the system. They talk about an imminent Euro crash dragging everything down with it. Even you talk about the market becoming valuation driven now. If that's true, it seems like we still have a long way to fall to reach historical levels. And I know there is always some bogeyman out there ready to take the market down. Been in this for almost 4 years. This just feels different. The bottom line for me is, I don't know how to fairly value a company in this market. I have been spoiled by Dell and QCOM (hence my alias change <g>), so I didn't feel the pain of my earlier (many) mistakes. I need to preserve some capital here until I gain more understanding. Thanks- Darin

To: Boplicity who wrote (16624)	4/27/2000 3:06:00 PM
From: djia101362	Read Replies (1) \| Respond to of 35685

GM, I totally agree with you. When I saw the market's initial reaction to the econ news and then saw the naz start digging out of the hole, I knew this was the bottom. Today is the day we should be buying and not selling. The market is a fantastic discounting mechanism and today's action says it loud and clear...we are headed up...at least in the naz anyway. This is just the total opposite of a market that cannot go up on great econ numbers, that's the sign of a market topping out. I think the Dow rally has just about run its course and over the next 2 weeks I think we'll see money rotating back into tech at an increasing rate. JDSU is currently my favorite after the blow out quarter they just had and I have been slowly rotating out of Q into JDSU which is now my largest holding. Nobody is going to ring a bell at the bottom to let everyone know that is the bottom. Ding Ding!