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To: rocklobster who wrote (79346)	11/18/2000 10:46:01 AM
From: SliderOnTheBlack	Respond to of 95453

o/t Rocklobster... re: VYTL - check out FTHL/Flag Telcom ... VYTL has too much traditional voice revenue for this market. Look how well FTHL has held up in comparison (off its bottom; nothing has held up to its highs) - more of a fibre optic network pureplay. I am keeping FTHL and RCNC on my "watch" list for perhaps re-entering someday. I still love that sector - as broadband networks are obviously going to be huge. These two have great niches. Even GLBX a solid co - is getting killed because like VYTL - they have too much of a traditional "voice/LD" component to their business - via their purchase of Frontier... probably overdone here - but then again; what isn't ? I think that something very healthy for the "T's" of the world may occur; that all these small competitors in LD Voice will get shaken out and then WCOM, T, etc can raise voice pricing, or at least end its freefall. - the other side of the coin arguement is that voice is going to "zero" as a virtual loss leader to sell bundled packages etc ? I'll probably only re-enter on a Sub NAZ 2000 type of nuclear-white winter bottom... if seen & I think the odds are 50:50 that we see sub 2000 in the NAZ. I didn't even notice how much VYTL was down - wow; another 20%+... not good; the market may be signaling the eventual bankruptcy of these companies. Funding has dried up; but many of these companies are fully funded through all of next year - so the market is telling us they fear the capital markets being tight at least thru the end of next year - not a good take on the overall markets health. COVD - once a darling - now $3 etc. Face it; once stocks that had huge, huge institutional ownership sink to sub $5 - that's often the kiss of death... Man; it's dangerous out there... maybe only the Gorilla's & Kings are safe to own in Tech; but then - only perhap when we reach NAZ 2000, or less ? I "aint" even tempted unless we see those types of levels... I am waiting for either signs of the Oilpatch pausing, before resuming a new upcycle let, or that the final downward slope is firmly established before putting more money back in. I'd trade the initial "relief" rally the entire market may see if this Presidential debacle is ended soon & preferably by a concession... and Gold ? - again; if not now (at alltime valuation lows & very high market turmoil) - when ? - and Cash ? - it has to be King here. I've decided that I'm going to tune out this noise here and step back during all the extraneous risk here in the market - enjoy the holidays, football season, family etc. - there will be time to get back in - wherever & whenever being all the way back in arrives...I got some nice calls right at OSX 110-112 on a few core co's that gives me some real nice upside if we break back thru OSX 130-135ish - I'll be happy with that. But, if we waffle for months, or even crash & burn - my costs are minimal & limited and I'll be in cash & gold only; then - I can finally be called a "real" GoldBug (VBG).