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To: Thomas G. Busillo who wrote (41617)	12/23/1998 4:59:00 PM
From: John Graybill	Read Replies (4) \| Respond to of 53903

> [only] two posts since 14:23 EST. maybe everybody is doing what I'm doing -- surfing from news site to news site on the web over and over, with CNBC on in the background.

To: Thomas G. Busillo who wrote (41617)	12/23/1998 5:19:00 PM
From: Kerry Phineas	Read Replies (1) \| Respond to of 53903

TB, everyone doesn't know its self serving BS, but most people don't really care too much one way or the other- your generic momentum driven stock. IMO its fairly obvious that alot of this runup was a pretty egregious short squeeze- MU has pretty much the biggest decline in short interest in the month ending Dec. 15th, and there were so many illiquid runups that were obviously squeezes to take out the stops. Live and learn; there are definitely some fundamental improvements for MU but I wonder how much that is worth really and whether they can survive on their own in the near future without INTC or TXN to help them out. Kurlak changed his mind on INTC, but I don't think he was ever ridiculously bearish on INTC. I read his research and he was kinda wishy washy. He's no longer the hammer, much like MC Hammer is no longer the hammer. Soros' most recent book has a pretty interesting analysis of the continuing trend towards momentum investing in growth funds today. I thought it was pretty bad a couple of years ago, but interesting just how insane the market is right now, even after the summer's sell off. You'd think the end was near after this recent blowoff. I went into a total dive in Atlanta and there were 10 random guys in there in their 40s who had just finished playing church league basketball who knew a bit too much about the market(one shorted AMZN that day, YHOO, and a few others, which has me worried about the distance of any top); couldn't stop talking about the markets AND disgusting pornographic pictures from the net involving gerbils and glass tubes. This is some kind of sign, but my magic Eight Ball hasn't explained the meaning of it yet.