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To: jim kelley who wrote (81582)	11/20/1998 8:55:00 PM
From: Byron Xiao	Respond to of 176387

What do you think about RMBS? Do you think it's too expensive now? Do you have AMZN? I am impressed that DELL closed at 64 5/8 today. With NASDAQ and DOW approaching all time high, we may see some pull backs next week. I just sold some INTC at 113.5, CSCO 74.5 and SUNW 68.5. MSFT and DELL are too cheap for me to sell now. I could never imagine in the dog days of September that we will see the market rebounds to this level in 2 months. That's why I bailed out my margins on DELL at 59, CSCO at 59, INTC at 86, with each one only up 3-5 points from my original purchase price. I didn't want to ride DELL all the way down to 40, CSCO all the way down to 41 again. I am too scare to play internet stocks but did get some AMZN at 105, but I chicken out at 125. I think the market is crazy. 4,5 months ago, everything was rosy, 2 months ago nothing was positive, and then now, nothing is wrong. Can we predict that couple months from now, the street sentiment will be bearish again? Why not?