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To: Kelvin Taylor who wrote (23916)	7/30/2000 8:01:50 AM
From: Larry S.	Read Replies (1) \| Respond to of 53068

Important reading on future of phone biz: Message 14131015 Larry

To: Kelvin Taylor who wrote (23916)	7/30/2000 9:34:59 AM
From: Iceberg	Respond to of 53068

>Average cost down if necessary on sell off days then wait. Kelvin, That might be a good tactical plan right now, at least with tech stocks. The Naz 100 Index has closed lower than it opened in 7 out of the last 9 trading days. During that time period, the index has gone from overbought [July 17 close] to oversold [July 28 close]...based upon stochastics. IMO, that decline has happened for no good reason that I can see. People, as you said, are overtaken with "uncertainty" right now. If so, I believe they are seeing ghosts that aren't there. Thus, now is the time to, again, as you say, average down, buy, or at least hold one's stocks. That's my take on it, FWIW. Ice

To: Kelvin Taylor who wrote (23916)	7/31/2000 1:13:23 PM
From: Iceberg	Respond to of 53068

>I think the reason for the recent decline in most stocks is uncertainty. Kelvin, Uncertainty = fear? In any case, it appears that people got over their uncertainty [fear?], and came to their senses over the weekend and today. My interpretation of what you said was that, in effect, there was no good reason for the recent market drop. If so, good call! BTW, I've been enjoying your market takes. To the extent the market DRIVES individual stock prices [market component], I believe it is extremely important to look at, and discuss, the overall market conditions as you have been doing. Keep up the good work. Ice