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To: T Bowl who wrote (11822)	5/4/1998 5:34:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 12298

T Bowl; RE > I put in my market short at 6:05am this morning when I first saw the news. << What news , I didn't see any news..still don't, but I now begining to feel stupid. Jim

To: T Bowl who wrote (11822)	5/4/1998 6:03:00 PM
From: Spots	Respond to of 12298

>> it was the longs finally bailing out that did this today. That's my reading too. Remember that iron-hard resistance at 10 (thereabouts)? That's a new carbon-steel ceiling in the old home place, or I miss my guess. I admit I often miss my guess <G>. I haven't been able to watch the market closely today, but I thought about your "hoping for a bounce to short" comment earlier and wondered if you'd done it anyhow, because once it broke through we weren't very likely to see the bounce. I didn't short it myself, but only because I've missed my guess so often lately. I'm following Spots's 1st law at the moment (when everything you touch turns to crap, keep your hands in your pocket<G>). Spots

To: T Bowl who wrote (11822)	5/4/1998 6:44:00 PM
From: Greg Jung	Read Replies (2) \| Respond to of 12298

How is the news such a downer for other head suppliers? It simply means that WDC, the only one of the big four to not have a head operation, buys some heads from IBM. I suspect that IBM may not be overflowing with capacity to do this and will not accept cut-rate prices on bleeding edge technology. So they may be restricted to the highest capacity drives. I see it (keeping all money off the table!) as more a threat to Seagate and Quantum. Greg