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To: Jimbo Cobb who wrote (90422)	3/21/2001 5:24:39 PM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

Jimbo Cobb-- yep! 1750 looks to be the slowing point. As I posted last night 1500 would certainly not surprise me by July. There is no reason I can find that may slow this mess in the near future.

To: Jimbo Cobb who wrote (90422)	3/21/2001 5:27:47 PM
From: tonyt	Read Replies (1) \| Respond to of 97611

The naz is now off 63% from 5k, at 1750 it will only be off 65%. At 1500 its off 70%. (someone alert CNBC to start a NAZ 1500 Watch) The naz could easily hit 1250 (off 75% from 5k) Only 80pts to 1750 -- we'll probably see it tomorrow The mantra of 'Buy the Dip' has now become 'Sell the Blip' Selling begets selling. Why buy now? It'll only be cheaper next week (the naz is on track for an 8 week decline). Investors resume frantic selling By Larry Barrett Special to CNET News.com March 21, 2001, 1:55 p.m. PT update Blue-chip stocks continued their free fall Wednesday as the Dow Jones industrial average tumbled 234 points to finish at 9,487. The Nasdaq composite closed off 27 points to 1,830.24. "The earnings news remains weak and there are questions regarding if the Fed, aka the cavalry, will arrive in time to rescue the market," said David Sowerby, market strategist for Loomis Sayles. "Volatility is certainly not going to recede, and we need to accept it for what it is and be opportunistic. It's an exercise in frustration to call the bottom, especially on the Nasdaq." Investors disappointed by the Federal Reserve Board's half-point cut in short-term interest rates Tuesday were also put off by a surprisingly strong Consumer Price Index report for February. The CPI, which measures the cost of goods and services paid by U.S. consumers, rose 0.3 percent last month, slightly above the 0.2 percent increase analysts had expected. DoubleClick announced that it is overhauling its media business and laying off 10 percent of employees in the process. The Internet marketer said the moves will increase efficiency. The stock fell 50 cents to $10.44. Yahoo dipped 19 cents to finish at $13.75, while Amazon.com and eBay closed off 25 cents and $3.19 a share, respectively. AOL Time Warner fell 95 cents to $37.84, and CMGI slid 13 cents to $2.50. Citrix Systems lost $2.13 to $17.69 after announcing it will buy Sequoia Software, up 53 cents to $5.53, in an all-cash transaction valued at $184.6 million, or $5.64 per share. It also confirmed previous financial projections but said the deal will trim 2001 earnings. Among widely held PC stocks, Dell Computer inched up 25 cents to $24.69, Compaq Computer rose 40 cents to $18.15, Gateway picked up 9 cents to $15.60 and Apple Computer finished up 44 cents to $20.13. Shares of PurchasePro.com dropped $1.56 to $5.97 after a Prudential Securities analyst cut his rating, citing the company's low rate of converting registered users into paying customers. Networking equipment company 3Com lost 22 cents to $6 after it missed previously lowered expectations for its third fiscal quarter Wednesday, posting a net loss of $122.8 million, or 36 cents per share, on sales of $629.6 million. Cisco Systems moved up 25 cents to $19.31. Nortel Networks shaved off 50 cents to $16.15, and Lucent Technologies inched up 20 cents to close at $11.40. Staff and Reuters contributed to this report.