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To: put2rich who wrote (2813)	1/24/1999 12:35:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Thanh, I don't have a firm picture on where the overall market is headed. Too many contradictory factors and analyses out there. I am fully invested on the long side in value stocks and momentum plays. But the situation could turn upside down overnight, in which case I would start shorting heavily. For now we seem to be in a trading range with no clear direction. If you get a chance to buy a dip like last October, I would then hold on for a few months and not sell too soon. Look at how sector leaders like CSCCO have done since they bottomed out.