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To: sammaster who wrote (41993)	11/29/2000 4:30:42 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

i think the idea is sound in principle, but there is certainly NO hurry to get in. it will take a while for the stock to find its ultimate bottom, and then base for a renewed advance. even though AMD is eating INTC's lunch, the PC business is obviously SICK. as if to underscore what i just wrote, GTW warned this very moment. i agree btw that the 'defensives' are horribly overvalued. they will eventually go the way of the tech trash, as has happened in the '74 bear (the utilities, food, drug stocks got KILLED that year. only inflation proxy stocks managed a strong showing, curiously the steel stocks too). now it's plain to see btw. that the last hour of trading today was an engineered ramp to distribute more stock ahead of the GTW warning. the spoos are now at the low of the day.

To: sammaster who wrote (41993)	11/29/2000 5:14:50 PM
From: UnBelievable	Read Replies (2) \| Respond to of 436258

Keep In Mind That Value and PE's Didn't Matter On The Way Up And I Don't Expect Them To Count For A Long While. Until people learn that the price of their stock goes to 0 when the company goes bankrupt the link between corporate performance and stock price will remain tenuous. This market correction is not due to the fact that buyers have all become informed. To most people it is attributable to "macro" influences like the Fed increasing interest rates, or the Presidential sweepstakes. Even when we approach an interim bottom, I fully expect that Hype and PR will lead the way back up not Cash and PE. We are still in a MO Mo market, only its different this time. The Mo Mo is Low Low.