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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (23375)	8/4/1998 7:49:00 PM
From: Spartex	Read Replies (1) \| Respond to of 42771

Wallace: Off-topic Well I agree with your comments as it relates to the Russell 2000 index, and small caps. They are experiencing an official bear market, and are off 20% from April-May highs I believe. On the other hand, IBM, LU, CSCO, DELL, AOL, MSFT and the likes are not off very much from their highs. Furthermore, they've all been running like race horses the past few years. When will this divergence dissipate? I hope soon. Money should start to flow into the small caps if there is any rationale left to this market. I agree with you on Greenspan and believe that he and Rubin are going to discuss the current situation. If the DOW and nasdaq fall off another10%, this isn't just going to slow down the US economy, it's going to hurt the world's. Hence, there will be some sort of intervention with the Yen currency, and most likely an ease in rates if the markets continue to sell off and the economy weakens. We have an interesting summer to fall shaping up. Stay tuned. Regards, QuadK

To: Wallace Rivers who wrote (23375)	8/4/1998 10:28:00 PM
From: Pruguy	Respond to of 42771

I can say FWIW, that in my office my buyers outnumbered the sellers by 4 to one.....on the retail front the buy on dip mentality is alive and well....this market will bottom soon in my opinion......I don't claim to be any type of a market timer, but i do like to play the game....my guess is the low for tomorow is set at the opening and we will be up tomorow. folks the fact of the matter is that every damn paycheck have of all americans are buyinbg stock....they don't make these decisions and change them in their retirement plans everyday.....as a matter of fact only a small percentage even fudge with the allocations........every single paycheck, your mutual fund manager is getting new cash, add that to the cash he raised today and you have the same type of snap back rally we have seen for the last 4 years.........until it changes it will stay the same......I work with Ralphy and he hasn't changed a damn thing.....he is still l a bull long term and every single time the market gets emotional he picks the exact wrong time to be emphatic....it was only 3 weeks ago he was a screaming bulll. now he's a raging bear....last october he told us to be bears or bulls whatever we wanted cause he didn't have a clue.....in febuary he said he didn't think the dow would hit 100000 this year in may he said it would...he's an emotional rollercoaster and i'm sure he was responsible for half( at least) the loss today.......mark my words......sometime in the next 4 weeks he will say the lows have been set, and we may have set them by tomorow, but he still won't say it for four weeks.

To: Wallace Rivers who wrote (23375)	8/4/1998 11:10:00 PM
From: Frederick Smart	Respond to of 42771

Wallace: >>The buying interest virtually doesn't exist (i.e. no more buy on the dips mentality). Most markets are saying there is a strong possibility that we may be in recessionary mode. >> When the stock market tanks like it did today it should be welcomed. Fear is rampant. We have millions of <<return>> key sellers out there being sucked into this vortex for all the wrong reasons. The quiet side of the market is always the right side. Why would anyone in the right mind buy into today's debacle? Why would anyone buy at tomorrow's opening? Where are these belated bears coming from? So many coming out so quickly. It's a party - like New post Years Eve on CNBC. These are facinating times. From where I sit I see a powder keg of revolutionary change sweeping through the entire world financial and economic system. Cheap, smart bandwidth, deregulation, the failure of fixed economies everywhere in the face of growing realization from younger folks that you "have to do it on your own" - forget working for someone else. We have an entrepreneurial boom on our hands that the entire world has not even begun to discount. Call me naive, but I think the Internet is the greatest force of freedom this world has EVER experienced. It's far more revolutionary than railroads, automobiles, electricity or even the lowly PC. I'll put my faith in the power of positive change that just beginning to exert itself all over the world. Individuals ARE making a difference. Savings from networking, rechannelling and other functions influenced by these new technologies are huge. But dwarfing these savings are the ideas that are being spawned for future growth and development. The current generation in there 20's - even through the 30's and 40's were all buying today. That's my read from down under. There is still a ton of money out there. Let the market flail around, test lower levels and get all choked up. Capitalism is alive and well. We are on are way to 10,000 on the Dow! That number is like a magnet. Good Luck!