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To: margaret tasset who wrote (20638)	8/22/1998 11:14:00 AM
From: billwot	Read Replies (1) \| Respond to of 27012

Margaret-Re: "... at what point do we jump in." Unlike most recent pullbacks, we usually only had one crisis or uncertainty to deal with, and one could try to make some reasonable evaluation of its impact. Now we have the continuing uncertainty about the Asian economies, plus the Russian economy and the South America, and international conflict, and the real likliehood of a real political upheaval.( My prediction: Clinton's history!) It seems that as one problem moves toward a favorable outcome (Clinton's "confession"),another rears its head (the devaluation of the Ruble) etc., etc. I think we are going to see this kind of volatility for some time, and it will be difficult to sense a bottom. I have money on the sidelines, but there are an awful lot of unknowns in the present equation. Maybe I'll put some more in real estate for a while!? Have a good weekend and don't worry abnout 'til Monday. billwot

To: margaret tasset who wrote (20638)	8/23/1998 2:28:00 PM
From: Sonki	Read Replies (1) \| Respond to of 27012

M, i think time to jump in is NOW -"when it looks scary" is the best time. ratio of put/call is very big and lots of bears around that means lots of mony on side line. Bonds will be a disaster. All that bond mony will come back to the market when market starts heading north. i think they should report GREEED / FEAR ratio. I think there is lots of GREEED as every one is in FEAR re: their retirement.

To: margaret tasset who wrote (20638)	8/24/1998 2:10:00 AM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Hi Margaret. No, I was not on a secret mission. gg. Just took my stepdaughter and the grandchildren on sightseeing trips and took them to Ocean City. Things are almost back to normal on my end. I will post to you later today some more but want to reply to your comment on CPQ real quick. I don't think that everyone has been selling CPQ since you bought it. You never did mention at what price you bought CPQ, or maybe I just don't remember. In any event, CPQ is at 35+ and therefore hardly a dud. My daughter and grandchildren still own CPQ and I will again shortly. As I mentioned to you: The only reason for selling CPQ was that I owned a big chunk and had moderate profits in it and with that uncertainty late last week I wanted to reduce my margin. The fastest way to do this was to sell my CPQ and some Intel. Both stocks went a bit higher after I sold. So you should thank me. gg. Since you are holding all your stocks long term I would not worry about CPQ. Should the market go lower, CPQ will probably go down less than the rest. I could have sold WCOM, Dell, Lu or whatever. Again, I chose CPQ because I owned quite a bit and it is cheaper commission wise to get out of 1 stock than lots of stocks and it is quicker to get in and out that way also. Had I known for sure that the market would come back that much on Friday I would have stayed put. But that is the price you have to pay sometimes when you are fully margined. BTW, here are some additional stocks that are being touted. The name of the game now is to get first tier stocks: Csco, WCOM, LU, TRV, NB, GM, Msft, Intel ( I did not hear CPQ mentioned as a first tier stock but it is touted by many). There are a cpl more but it is late and I can't remember them right now. I will post to you later today again. Sonny