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To: OLDTRADER who wrote (170359)	7/23/2002 4:22:06 PM
From: John Koligman	Read Replies (1) \| Respond to of 176387

I wouldn't call it a hot idea, I bought the stock for my Mom strictly based on the fact that in the very short term it has held up well as compared to the NASDAQ. It looks as if the selling STILL isn't done, and I said I would not hesitate to dump it, so she is out this afternoon with a measly 15 cent gain, bought at 18.40, sold at 18.55. Since it is now trading at 17.85, perhaps I'll try again for her tommorrow, and hold if things look better. John PS - This type of trading has kept me out of hot water over the past two years. If it doesn't look good, get out with a small loss/gain and keep your capital. It's key to remaining profitable in bear markets...

To: OLDTRADER who wrote (170359)	7/23/2002 4:27:13 PM
From: TigerPaw	Read Replies (1) \| Respond to of 176387

capitulation!Now! Not now, but soon. The economy no longer contains any new growth ideas. The waiting chasm that needed to be crossed was terminal high bandwidth connections. This could have been addressed by a variety of policies such as subsidised connections to libraries or schools which would have proven the technology and brought the cost within range of homes and businesses. Instead it was traded for up to $300 in tax cuts, and perhaps another tax cut after we die. There is no compelling reason for the economy to grow. We are back on a sustainable track of oil, and defense spending, and hamburger flipping. In this environment the pain and drop and capitulation will continue until P/E measurements and risk are in traditional sustainable levels. Whenever that occurs there will be a retest of those levels to see if they are really sustainable, or if there is a compelling idea on the horizon, or the capitulation will continue until it is painfully obvious that companies can be bought at good value. TP