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To: waverider who wrote (7323)	2/11/1999 9:07:00 AM
From: Lucretius	Read Replies (2) \| Respond to of 14427

ho ho ho, the broader mkt topped in April.... of course if you were a soothsayer... you knew to buy the most overvalued (internet and tech) because they would soar. Unfortunately, if one could do that, this game would be fairly easy wouldn't it? The trick is to be right over the long haul. When the crash comes (and it will) 50 to 60% (or more) of the mkt cap of those high fliers will be wiped out in a matter of weeks. I you don't believe me, again... I suggest you buy calls. I'm not here to convince you. BTW- I pooted C at 150 (sold those long ago) :)

To: waverider who wrote (7323)	2/11/1999 9:53:00 AM
From: J. P.	Read Replies (2) \| Respond to of 14427

Sir, If you look at this chart, at the far right hand side: decisionpoint.com This is a train wreck that has already begun. I'm also betting it'll accelerate, and a whittling away will result in panic selling. Happens every year, why should this year be any different? It would take massive amounts of news to move this trend back positive, after exhaustive overbuying at the top of this most recent move up. Earnings are over, and the second tech tout fest is almost over. If Dell comes in light (I'm not expecting them to blow away estimates), it could very well spark a big selloff. Other macroeconomic factors such as higher treasury yields will only speed the drop. BWTFDIK?