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To: Sonki who wrote (20774)	8/30/1998 4:30:00 AM
From: nihil	Read Replies (1) \| Respond to of 27012

RE: Time for a change Sonki, Here are the approximate times of some daily lows on Friday 28 for some of the stocks I follow like: BA 11:45 BRK.B 3:45 CCI 11:30 and 4 CPQ 11:45 CSCO 11:45 DELL 11:45 F 11:30 (lower on 27th) GM 12:10 HWP 11:45 INTC 11:45 KO 11:50 and 15:15 LU 11:45 NB 12:15 (local minimum, but ended lower SVGI 3:20 T 10 & 11:45 TLAB 11:45 WMT 3:00 Things looked like the classic "chaise longue" formation on Friday: \ _________ \ / V 9:30 11:45 4pm ... a steep fall with few reversals to the low for the day at 11:45, a rapid recovery of about 30% until lunch) and then a tight trading range for the rest of the day. A few (CCI and NB) for instance fell off the chair and reached lows for the day about 4:00 pm EST. Very good candidates, IMHO, for careful buys on Monday morning -- but use limit orders buy "on the opening" may be advantageous on NYSE stocks like these. Of course, if the collapse isn't over, these could fall through the floor. Check on Instinet and London. I'm going to wait a while myself. If banks get away from me, big deal. I don't like banks anyway. I checked the time stamps on the news, and found universal rotten news, except, possibly, Reuters 11:15 --- Yeltsin says he will finish his term. Is this good news? Does the market subsist on such thin gruel? nihil

To: Sonki who wrote (20774)	8/30/1998 4:58:00 AM
From: Gerald Walls	Respond to of 27012

gerald, what criteria do u use to buy something? there is a universe full of great companies . some that have gone substatiannly more then dell's pull back. HOw do u choose one over the other? This was based more on an unscientific feeling than anything else. INTC has had poor relative strength and I have all the MSFT & CSCO I'm comfortable with right now. I currently have a nice profit in DELL and I figured I'd average up on winning position during a pullback. DELL's profits show no signs of slowing and with the strength the stock's been showing it should really explode if the market turns back up. If the market fails to turn then at least we have the upcoming split to generate interest. I didn't even look at the call options because I assumed the volatilities are sky high and I don't have approval to sell puts. There were probably better choices but this is what I did. Maybe I'll feel stupid on Monday.