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To: Dale Knipschield who wrote (15395)	8/31/1998 6:06:00 PM
From: nigel bates	Respond to of 17305

Knip, Like your questions. Can I add one - 7) Anyone got a long enough memory to remember trading tech stocks in a bear market (and I don't mean '87), and if so, got any advice for the youngsters ? Nig

To: Dale Knipschield who wrote (15395)	8/31/1998 7:02:00 PM
From: Tech Master	Read Replies (4) \| Respond to of 17305

Dale- Ralph Acampora is looking real smart today with his Dow 7400 prediction. I suppose the smartest thing anybody could say is that they have no idea where this market is going... but that wouldn't be any fun! Indeed, it is difficult to make comparisons to 87 because of the differences in valuation and the new global economic environment. We are now at the time when you must decide whether you are a bull or a bear. There are so many great companies out there at extremely attractive prices. I am going to be a buyer near term of a few bargins like HLX with a billion dollar backlog for 99 and DELL for a big time bounce from here... IRSN for a cheap play later this year with their digital film product coming out for the holidays (amazing stuff). I'm staying away from stocks that have big Asian exposure. Chip stocks are taboo on my list right now until Japan stabilizes. AMAT came back to where I thought it might two months ago. Still won't touch it right now. However.... What frightens me the most is that Y2K hasn't even been factored into this marketplace yet. The crisis will begin on October 1 of this year. Many of us Y2K bulls have been screaming about the problem for 2 years now and we have been told that we are full of bull. The market has ignored the message. On October 1, the Federal Government enters Fiscal Year 99. The first major glitches will come to the surface immediately, some days or weeks later, but the problem will now move to the forefront of society's attention. There will be no ignoring it any longer. Jeff Mitchell will say "I told you so" and probably look real smart then ( he is pretty smart right now anyway) and he might even have to change his name to Ralph A. Mitchell <ggg>. What scares me is how the market will react when they are blindsided by a crisis they completely ignored. Kind of scary... Maybe the answer is to sell everything and buy a kiwi farm in New Zealand. Anybody know anything about farming? <ggg> Tech Master