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To: Jacob Snyder who wrote (332)	4/26/2002 1:55:06 PM
From: Return to Sender	Read Replies (1) \| Respond to of 13403

All the following are simply my opinions. This selling is close to done although the SOX could fall another 4% or so. Why do I think the selling may be done? First volume is very high again. Especially for a Friday. Consider AMAT for instance has already exceeded its normal daily trading volume. That is one indication that this overdone selling may be done soon. There are others. The VIX has already found its way into overextended territory and should not be capable of rising much higher. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G However the NASDAQ and the SOX both look like the could fall a bit further. I look for 500 on the SOX to serve as strong support. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!La12,26,9!Uk14]&pref=G We fall that low and it could help turn these stock back higher with a firm bounce by Monday. Anyway it seems like we all got overly invested too soon. I mean anyone buying long recently. Lets hope we don't pay too high a price for that. RtS

To: Jacob Snyder who wrote (332)	4/26/2002 3:31:09 PM
From: Gottfried	Respond to of 13403

OT *** bot GE @ 31.75 for LT [maybe] Gottfried [end]

To: Jacob Snyder who wrote (332)	4/26/2002 4:15:48 PM
From: Ian@SI	Respond to of 13403

Jacob, I suspect that we're seeing institutional selling by some of the thieves, scoundrels and crooks. Media has been talking about Merrill Lynch being hit with a $2B fine for past indiscretions by its analysts. Other houses are probably facing similar penalties. My guess is that none of them wants to be the last guy to raise the needed cash so they're all rushing for the exits. Hopefully they're close to having enough cash and the market can resume trading on the fundamentals. FWIW, Ian

To: Jacob Snyder who wrote (332)	4/26/2002 8:19:22 PM
From: Rick Storm	Read Replies (3) \| Respond to of 13403

Jacob, doesnt it worry you that although the fundamental seem better at present, that the tech stocks have fallen relatively more that the naz; this implies to me that even though the economy may be improving, the bear market in techs has a longer way to go. The valuations of qcom, altr.etc. are still high given pe, psr; It seems like the tech bubble is still in the process of unwinding; Why cant chips and equips follow telecom down? It seems that a true bottom in techs, should reflect a place of undervaluation. This does not seem possible if the naz only falls to 1400.