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To: marginmike who wrote (81207)	9/22/2000 12:00:02 PM
From: Jordan Levitt	Read Replies (1) \| Respond to of 152472

Hi Mike, You may be right over the next few weeks. Looking a little further out, like say November, we are setting up nicely for a year end buying panic. The portfolio managers, will play their usual games, window dressing, reduce the cash levels before year end etc. I think the money is going to fall right into the large cap tech stocks that we all know and love. It happens every year. BRCM at 150 ? That would concern me! Take care

To: marginmike who wrote (81207)	9/22/2000 12:01:39 PM
From: Wyätt Gwyön	Respond to of 152472

a big HEAD FAKE INTC down 20% in one day is not a head fake. INTC's $75 billion devaluation today is like erasing 1.5 QCOMs from the market. Just another instance of the rolling corrections this market is famous for. High valuations don't kill stocks; they just worsen the risk/reward ratio. Fact is, stocks are killed by worsening fundamentals. Worsening fundamentals, to the extent that they are sector-specific, are expressed by rolling corrections. Osmotic effect on market as a whole is increased volatility.