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To: John Graybill who wrote (43717)	3/12/1999 11:28:00 AM
From: TREND1	Read Replies (1) \| Respond to of 53903

John You are getting good at TA. Are you going to buy calls for bounce off 50 ? This is a serious question. Larry Dudash

To: John Graybill who wrote (43717)	3/12/1999 11:41:00 AM
From: Cynic 2005	Respond to of 53903

John, At 50 a psychological level and previous breakout point, a lot of people expect to make technical trading decision (shorts cover and longs enter for a bounce.) As with your earlier post, I don't buy the manipulation theory. The actions of some big-holder may have been the reason behind weird price swings. This may have been exacerbated due to the elimination of short-short rule. Yes some funds with huge MU holdings may afford to paint the tape at the close. i.e. All day long you could sell 100s of 1000s of shares. Atop selling at around 3:30 PM and buy some big blocks right at the close to stabilize the price. I don't think that there is anything illegal about it. If you were a fund manager, you would try to do that too. But, that will work well for them as long as the market is not flooded with sell orders on MU.

To: John Graybill who wrote (43717)	3/12/1999 3:10:00 PM
From: John Graybill	Read Replies (2) \| Respond to of 53903

speaking of convertible bonds... "Why all the convertible offerings from Internet companies, whose stocks are hot as a pistol? "This is a natural crossover for smaller, less established companies to enter the debt (credit) markets," says analyst Seefeld at convertbond.com. Convertibles allow small companies to establish themselves before the critical eyes of bond investors as the companies prepare for future debt issues." cbs.marketwatch.com Looks like the broader indexes have weathered the turbulence around their 11:30 values (DJII 9900, S&P 1295, RUT 398.40) and have broken through the low clouds -- now we can really start making some altitude!