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To: johnsto1 who wrote (33659)	9/3/2000 11:02:13 AM
From: Rick Buskey	Respond to of 57584

Guys---can't we all get along-----I feel selling into strength is wise here---but still hold onto some positions---because eventually the money that has been moving the Big-cap Bio's will move to the smaller ones----lets just wait and see what happens-----you guys are both 2 smart investors,lets work together. It will definately be an interesting week.

To: johnsto1 who wrote (33659)	9/3/2000 11:11:24 AM
From: GREENLAW4-7	Respond to of 57584

Thanks for the post, and you could be correct on a near term pop in STEM, but looking at the current NASD run as well as the Bio-Tech index run which is currently 10% off of its high last feb, its very risky to be playing Bio's here. I sold before we hit 3550 in NASD last month. I was heavy in GENO stocks and decided to stay away from recent Geno-Bio run. If NASD does start top sell off prior to earnings warnings in the next 2 weeks, I believe Bio's will be the hardest hit, with the Net stocks coming up the rear. Something weird about the recent rally, volume is not compelling, and I just cannot understand the run in the financials? It looks like everyone is of the belief we are heading into 95 like fall scenerio. But the trump card is the PE's are still SO VERY EXAGERATED that everything is priced to absolute perfection. Also the pop in oil I believe we have significant effect on the up coming earnings of far too many s&p stocks!! I'm still heavy short Drillers, waiting for the OSX 15-20% correction that is imminent over the next 4-6 weeks. Far too much political pressure to hold crude above 30 for long! I do believe after the OSX corrects, and oil heads to 27 again the drillers are the place to be when earnings season begins in late october. Good luck all!!