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To: bambs who wrote (35399)	5/10/2000 10:54:00 PM
From: Techplayer	Respond to of 77397

bambs, perhaps we have a slowed market for a while, but there are compelling stories with a number of stocks that will not need to borrow cash at higher interest rates and that are in the high growth technology sectors that WILL NOT be slowed by anything that the Fed does. Your doom and gloom forecast might be correct for the summer, but certainly not the long term. The CEO summit today in Virginia (I believe) was highlighted by a number of the nation's most prominent companies citing a concern over higher interest rates, a slowing economy and the NEED for technological advancement to keep productivity improving and wage pressures from affecting the bottom line. This is not 1929. The consensus from the excerpts that I read and saw clearly feel that we are in the beginning of the technology revolution. tp

To: bambs who wrote (35399)	5/10/2000 11:19:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 77397

bamb, that was a good post but I am sure there will be some who will find reason to trash it. "The screaming and cheering and buying in my office today " Yes I saw the volume indicator I use turn positive and was tempted myself but I could see the selling start almost immediately and guessed it was a head fake. When it turned I thought about the BTD's getting their heads torn off. The 2 years to hit bottoms in 29 was not even the bad part ... it was all the years it took for the ones that survived at all to get back even. "lock up periods " Yes, all these people who felt they had become experts did not have a clue that there was a lock up on many of the shares issued. The lockup expiration is what I think really started the slide in the nutz stocks. I have had clients that failed to make estimated tax payments betting they could make more in the market than the IRS would charge in penalties and interest for underpayment of est taxes. I actually went to cash much earlier because I was afraid the top would not be signaled as clearly as it was and did not want to get caught without a chair. I have been taking short term positions and drawing interest. You know the miracle of compounded interest don't look all that bad right now. :-) The problem with manias...anything that is based solely on emotions.... is that you NEVER know what will change their perspective. The real problem is that the little guys perspective is still that this market will rebound strongly. Their perspective will not change until the bottom is in or near. They will sell close to the bottom. What did it take Japan... 10 years just to stop the bleeding? I think it was something like 15-20 years before people recovered from the last major bear in this country. That is why they are called bear markets rather than crashes. The other problem they best consider is that summer is on us and summer is generally somewhat dull and lackluster so I would not expect any sustainable rallys until early fall ... if then. But who knows ... it could start tomorrow but I will just have to wait and see. I think the bottom will be more difficult to detect than the top Monty