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To: Jon Cave who wrote (66936)	5/24/2000 1:23:00 PM
From: Frank	Read Replies (1) \| Respond to of 95453

Any AGA guesses? I am thinking in the 100 bcf range. Last week was not helpful--moderate weather,nuclear generation and several coal units back on line. Anything under 75 would be quite bullish but I think these AGA numbers will be the highest we see until well into September-think about that-- Frank

To: Jon Cave who wrote (66936)	5/24/2000 1:43:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

fwiw - I just went long 45% of my Tech watch/want list... Call it a gut feeling... William JH's point is valid on how the Fed's hands are tied from multi-directions: 1. Hong Kong 2. The Euro - damage a stronger Dollar does 3. Recession - if they over do it 4. Presidential Election year - yes, it does matter 5. Banks stocks getting bought big - signaling the end of rate hikes is near 6. Pain is REAL here & some indiscrimate selling in the NAZ small caps - people getting called out right & left. ... while the NAZ is only down 20-25% from its recent April high's - some of these stocks here - good one's too; have been cut in half in just the last 10 days - 2 weeks. I am buying heavy today - old fav's just too damn cheap. Core plays of mine like VTSS CMGI (the only way I play the .coms) FDRY - some telcom/fibre optic plays and some small caps like my fav' PKTR - had to be a buyer here... I saw 10-20% snap backs on a few smaller cap NAZ fav's here of late - not missing being "in" to some degree here. But - I will now sit at 2650-2850 to add to a near fully invested NAZ/TECH position - not chasing any 10%ish moves - as hell, that's only a day of late... gotta be in to "some" degree on the tech fav's here imho - but, not "fully" in - as of course - we could go lower and its not so much where we should go fundamentally, or technically - but what worries me is we have weeks untill the Fed Metting for bad news to send us lower. Overall - I'll take a cost basis between here & NAZ 2500 for a LT play anyday.... had to start somewhere - and today DATEK is making stock after stock non-shortable off & on... shorts making final pushes ? We shall see... maybe there wont be a high volume final capitulation becuase there is no high volume of sellers left ? - lots of shorts taking out the final weak hands; maybe thats all thats left here - big losses on small volume in some of the small caps I bought today - some down 15-20% on small volume - gotta buy that.

To: Jon Cave who wrote (66936)	5/24/2000 2:56:00 PM
From: Telemarker	Respond to of 95453

<<This reminds of the summer of about 2 years ago where folks who bought that slump made a killing.>> Let's not forget the magical surprise interest rate cut that came on the eve of options expiration in October '98. Jon, does the present situation remind you of that type of atmosphere? For my part, I'm not counting on any more paternalistic actions from the Fed. I think that Greenspan has gone to lengths on more than one occasion to dispel any expectation of such, as has been documented on this thread. Regards.