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To: TheStockFairy who wrote (32087)	4/9/1999 4:37:00 PM
From: J. P.	Respond to of 86076

I agree, I won't put my blackened and charred fingers into the brokerage stock put oven again until the mania subsides. The financials with their highly leveraged derivative positions (read Chase and JP Morgan) stand to lose big time if the market heads south. But as long as the mania lasts, they are golden. (Why do I say it's mania when the charts say breakout? Just look at ITURF today!) I still have July puts on INTC and somewhere in my heart of hearts think those will be profitable. Just ask all the IT managers who are planning to make huge purchases of PIII workstations this summer -g- Or just ask the saleman at Best Buy who is selling all those HIGH END Celeron PC's with the huge margins -g- But after this last bullish rush, with it's attendent internut insanity anything and everything is possible, and nothing can surprise. If the brokerage, financial, and analyst community say that the sun rises in the west and that 1 + 1 = 3 and CNBC reports that it is so, well if they repeat it enough times people will believe.