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To: Taqi Hasan who wrote (26772)	10/23/1997 6:58:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 58727

Hi Taqi Now that would be smart of the GovT to lower rates and take the damn presure off the markets, esp the Real Estate market...What the hell are they doing???? Hey it means AG will stand pat, just like you said...He wasn't raising rates anyway... Unless wage presure & Beige Book comes out bad :{.. Anyway I have this "feeling" the semis have bottomed out, and will turn up in the next few months but you have to be THere NOW!!! for the run UP!!! Watch the next 3-4 days, see what the market looks like and then take a peek at the group...The entire group is WAY oversold at this moment!!! Good Trading to you, Best Regards, Jerry

To: Taqi Hasan who wrote (26772)	10/23/1997 7:26:00 PM
From: j g cordes	Respond to of 58727

Taqi, Jerry, Brad.. I'm happy with the way earnings are coming in. This currency tindered selling from Asia is perfect for setting up a strong base. The atmosphere is sell on the good news and decimate the bad news.. which only a short time ago was go crazy on good news and sit with the bad. Combined with the bearish overall tone of world markets, this is constructive of a relief rally next week. Put volume is complacent though, what do you expect after a ten year run of buying on the dips! ".. to live in interesting times.." well we've got 'em and its a great market to dance in. If Hong Kong is smart, they won't dip into their 200 billion in reserves to support their currency, but instead let it play out in the markets until its heavily oversold, then do buybacks to accelerate the reversal. We're right about there... maybe next Tuesday. CYMI's earnings were good, KMAG poor but they said future looks better, perhaps they threw as much bad news into this quarter as able. I found this interesting : "Earlier in the day, newly released government documents showed that Compaq's director of software procurement, Stephen Decker, testified to the Justice Department that if Compaq chose the Navigator icon over Internet Explorer's, Microsoft "would terminate our [Windows 95] agreement for doing so." Seems MSFT plays a pretty tough game. Any legal opinions? I wonder who's software maintains the archives on precedence in this area.....