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To: Dale Baker who wrote (3365)	3/4/1999 5:40:00 PM
From: jgideon	Read Replies (1) \| Respond to of 118717

Well, at least the NYSE will open at a fair price for the amount of buy versus sell orders. You don't get the running of stocks up and down like one sees in NASDAQ. I think the NYSE is more predictable for that reason and one can play psychology of bounces rather than the mind games of MMs. Every small investor who read today's announcement threw up his hands in exasperation. Many of them will just say "enough", get me out of this stupid stock, why did I ever think that they could revitalize, and what the hell was the idiot idea that the internet would save them - the internet is what's killing them... and so on. That's a lot of sell orders. The question for the dead cat bounce is whether, with $4 a share in cash, wall street has already said that $8 is a fair price (based on previous knowledge). Five days ago, CPU was $11 and change. Today, before the announcement, it is at $8.50. That's a more than 20% haircut. More like 35%, if you back out the cash position. What sort of haircut is this news worth? Is it already priced into the stock? I think so, but haven't made up my mind whether or how to play. jg