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To: Dale Baker who wrote (4478)	4/17/1999 9:19:00 PM
From: Steeliejim	Read Replies (4) \| Respond to of 118717

First, sorry about the sloppy editing. It should be "defense" and "review" among many other goofs. I was well within margin limits. In fact some of the stocks esp. the -nuts are unmarginable or restricted margin. If I get you right, with E-trade, you have to have to cash on deposit, first sell another equity or have available margin before you make a trade? Up until these problems, I was able to make trades and have three days to provide funds to close--just like they have three days before sending me $$$. after I sell. Right you are re. pushing your margin limit. Talk about a good way to be forced into making bad decisions and lose focus as well as sleep when you are facing a margin call and have to cover. I was pushing that edge last fall right after the Oct.dip and the bloodbath in ANIK. Not a good feeling. There are some pretty patient but definitely poorer investors sitting over at ANIK (by the way I'd like your opinion on that one as well. That will always be my poster child for depending on an FDA approval). Anyway I dusted my self off sold and got in on the market rebound while a bunch of people sat on their 75% loss hoping for ANIK to come back. Maybe it will. It's being propped up at 5 by stock buyback, and it's in a base from which good news should propel it upward.. I've noticed a number of co's go into a base after a big decline after bad news. Some of them, if they are basically good co's are true values in that there is a lot up upside potential and relatively little downside--MONE, CHPS, and CTXS are three that worked out well. I noticed that GNET which had been sitting quietly after its big runup did a big up on Fri. with good volume and upward pressure at the end. I'm guessing it will probably spike and fall in the first half hour. My question is do you think that it is going to make another move up afterward. Frankly, I'm still not convinced that Friday's rebound in some of the wounded was nothing more than a bounce. We may still see more profit-taking IMO since the profits are still so high. MSGI did a spike Friday AM then swooned and did a dip at close. It's one of those that will be coming back and then some, because it's doing the right thing in the right business. Last thing. CHKP got caught in the NETA downdraft then made a little rebound. It has had dynamite sustained earnings growth. I've read that co's are deferring ramping up security software purchases upgrades while they work Y2k issues. That seems weird to me with some of the security breach horror stories. Anyway CHKPF is well off its recent and all-time highs. Thoughts? OT: What is our end game for Kosovo with another week of bombing behind us? The right wing talk shows are brutal, and it's amazing how many people only care about how much the bombing is costing, this is another Clinton thing (their hatred of him is so palpable, you can almost hear the spittle htiting the phone receiver), or that it does not matter what the Serbs do the the ethnic Albanians--after all they have hated each other for hundreds of years. On the other hand, it would appear that Milosovic has consolidated his power (Isn't it interesting how many Yugoslavs say how much they opposed Milosovic before but support him now? He's been getting away with his tyranny for over ten years and they never kicked him out. So many of them try to sound reasonable, but they always give their hatred away. I think they are a bunch of phonies.) On the other hand, it does not look like NATO (or we, for that matter) have the stomach for a ground war--there is a lot of downside after all. We have such short attentions spans. I suspect that the horror of the refugee camps and the stories coming out of Kosovo will soon be on the back pages, but the right wing talk shows will keep yapping, the polls showing support for the bombing will start declining, and at some point the bombing will quietly stop. Milosovic will then have a free hand to repopulate a cleansed Kosovo. Of course he won't have any money, but the Serbs in Belgrade on TV looked relatively prosperous, and they are used to doing much worse. I don't know the answer. Your thoughts would be appreciated. Have a good weekend. I guess it's already winding down for you. Well have a good rest of your weekend. Jim