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To: sam who wrote (36908)	12/30/1998 7:22:00 PM
From: JC Money - President of a Loca	Read Replies (1) \| Respond to of 119973

Good point. Most of the MM will be on a vacation. However, you do see some selling going on tomorrow, eh? I kinda feel the same.. I guess only time will tell. We have 14 hours and 10 minutes...

To: sam who wrote (36908)	12/30/1998 8:53:00 PM
From: StockMiser	Respond to of 119973

Well, if you remember the last "correction"...first there was a "flight to quality". All the internet speculatives - 3rd tier, then 2nd tier - fell very hard. Money rushed to the "solid" companies such as CSCO, YHOO, AOL. This went on for quite awhile, and it wasn't until the blue chips themselves got hit hard that they said we had "hit bottom". I remember this very well since I was daytrading stocks like LU and CSCO at the time...and they held their own very well thru every "correction"...until the end. Course, the "quality" stock definition has probably changed somewhat. But all that money will have to go somewhere...and it will be attracted to the safer tech stocks that have high growth, relatively recession-proof industries. If the correction is BIG...buy gold stocks (NEM is good). Look at the charts from the last correction...gold position plays made big bucks (I know I did). Heard someone on CNBC just today talking up GOLD (very bearish indicator I think). But personally, I don't think this will happen until Feb. We'll cool off a bit, then run again with all that loose cash out there thru January. At least that's my guess. The Internet phenom will either be proven to be real or total wild speculation once we see the numbers first quarter '99. Money talks...BS walks as they say. We'll be daytrading internet stocks based on rumored earnings - those that did big this XMAS will win out big I think - the others...well, back to single digits.