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To: jgideon who wrote (3364)	3/4/1999 5:12:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Without Level 2 I wouldn't play the bounce at all. It's individuals against institutions on the NYSE. I don't like the odds - roughly like playing stickball out on the Interstate. I couldn't advise anyone to go long on CPU after this except as a dead cat bounce or buyout play. Both are long shots. My defense is only buying enough of these speculative deals to keep me in the game. I don't have enough CPU to lose two seconds of sleep tonight. That's also why I cut down my VRIO holdings and have relatively tiny holdings in CMGI and RNWK. BRKB and WCOM are where I put my serious money. The rest are too unpredictable. But CMGI and RNWK have been fun so far. So was VRIO today. WOW - this could really let the air out of the Internuts: 14:50 ET ****** (DAYTRADER) Tech group being sideswiped by rumors that Amazon.com (AMZN) will have trouble making its quarter. Those who have in the past watched Briefing.com scrutinize the company's quarterly report may say business as usual. But concerns are of a different nature this time. Briefing.com is hearing talk that company may actually have trouble delivering on the top-line (i.e. revenues). Given that analysts have abandoned almost every legitimate measure of value outside of sales growth and Price/Sales ratio, these concerns are hitting Amazon and the rest of the Internet group particularly hard. The worries are arising from e-mail sent out by company last night offering customers a $5 rebate on purchases. Analysts are debating whether this offer is part of previously announced plan to step-up marketing efforts, or the move is an attempt by Amazon to boost sales before the end of the March quarter. Currently, Internet stocks are trading down about 2%, with Internet leaders Amazon.com (AMZN -4%), Yahoo! (YHOO -3%), America Online (AOL -1.5%) and Lycos (LCOS -1.5%) leading the decline.