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To: Glenn D. Rudolph who wrote (16761)	9/10/1998 6:41:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Glen<I am inclined to jump back into> Now is a good time to watch. Trust me on this. Unless your a day trader.

To: Glenn D. Rudolph who wrote (16761)	9/10/1998 7:59:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Yes, Intel and Oracle both reported that sales and margins are running ahead of expectations. I own Oracle but not INTC. This speaks well both for sales into the corporate arena and for personal and small business sales. Oracle came in with earnings 25% above street estimates on improved sales plus a stronger outlook. Intel said sales and margins had improved for the first time in recent quarters. I have also heard good things from the computer retailers about strong summer sales and favorable outlook. Computer Resller Nerws and other trade sources that survey purchasing trends report stronger sales (in dollars) than last year - the summer slump wasn't as bad as normal despite the much lower prices for PCs and other gear. This is extremely encouraging because it signals that companies are more than willing to purchase on a pace with last year despite the panic in the stock market. The equipment, networking and software stocks should be lifted. There was also a rebound toward the end of the day in some of the beaten down financial sector stocks. I would be careful with them but it's worth considering for some bargain hunting and diversification. Oracle reported that Asian sales have picked up since last quarter. I participated in the cc a couple of quarters ago and the CEO said that a big reason why they had lower than expected earnings at the time was because of a falling out of Asian (mostly Japanese) sales. This is significant news. In this nervous atmosphere, it is difficult to tell how market will react. I think it will react favorably. If it does effect the high techs, it will probably be a catalyst to move the entire market up a bit tomorrow. Sections of Starr's Clinton report is due to be put on the internet by the afternoon. That could be a fear factor that keeps the market from rebounding at least to some degree. I think that once the news is out at each phase of the Clinton thing that it will be a case of "sell on the rumor and buy on the news" - the news realy has little lasting impact on the economy and only works as a catalyst to focus fears for more real news, such as the belated realization of the Asian situation. The stock market and many stocks have had a test or near test of the recent lows but have shown a healthy pattern of resistance. That increases the odds that the lows have been reached - at least for the near term. My personal thinking is that the lows have probably been reached and the market will move up soon despite the Clinton thing. It's still a soap opera but one that the public is becoming more comfortable with. "Oh, so Monica slept with Bill and Bill was a jerk who arogantly denied it . . . kinda like that boner I pulled once with XXXX . . . he's human and I can either fogive him or will be satisfied if the government gets him out - no matter, time to make money." Happy trading tomorrow!