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To: Sonny McWilliams who wrote (23467)	4/19/1999 1:44:00 PM
From: billwot	Read Replies (2) \| Respond to of 27012

Sonny-I'm glad to see the thread hasn't died. When even you were absent, I thought maybe your computer had finially croaked<gg>BTW, I think I will buy a new one this fall and avoid all the Y2K upgrade hassle. Still sitting on CPQ. I probably should have sold on the morning pop, but... I agree it is dead money for at least 6 months. Some major news (details on AV distribution, new CEO/CFO, etc), could bring small gains, but it needs 2 back-to-back quarters of above average performance to return to the 50's and beyond. I'm not margined right now, in fact sitting on some cash, so I'm not under your pressure. On Mar. 30 I posted to you that we would see 9500 before 10500. I guess I missed that one, but looking at the broader market, I am down about 10% since then. Looking at more AOL and adding EMC, but like you, I will try to wait until this tech shakeout is done. I will miss the bottom, I'm sure, but reduce the downside risk. Hugh McColl and BAC did not disappoint. Currently the only green number on my screen. billwot

To: Sonny McWilliams who wrote (23467)	4/19/1999 3:41:00 PM
From: William Hunt	Read Replies (1) \| Respond to of 27012

Sonny---made a little off of SCH but as usual I hang in there when I heard the earnings report so I lost most of the gains in it . Back to all cash --- Still fill the market is overvalued ---am not trying to drive stocks down but when you have the craziness that we have had today in the middle of a good earnings season you have got to wonder . SCH earnings were up 100 % year over year and they have been clobbered in a big way ---I do not understand . Will follow up tonight BEST WISHES BILL

To: Sonny McWilliams who wrote (23467)	4/19/1999 6:37:00 PM
From: Frank Ellis Morris	Read Replies (1) \| Respond to of 27012

Good Evening Sonny, It has been a most horrendous day and I think my portfolio saw the biggest single day drop in all my history of investing. Today's panic selling of techs seemed evident to me early this morning. I hate when the S+P futures are high before the market opens. Most of the time it signals selling and the results are sometimes extreme if not just plain radical. I think the Net stocks suffered one of the biggest single day declines ever. I am sorry that you had to sell Compaq at a loss but I can certainly understand the need to be careful about margin. When Compaq starts to turn around maybe you will feel comfortable about getting back in. It was because of the heavy position I have with Dell that I sold off my margin with AOL a couple months back. Last week while in Vegas I did keep my eye on the market and did not like the fact that the Dow was climbing new highs while the S+P 500, health care stocks and the Nasdaq tech stocks were falling. I do not think that there that the rotation is worth trying to time the market. I just get wacked every time I do. I am hoping that Microsoft may help to turn things around when they announce their earnings. I did not like that smart ass and his comments about Linux crushing Microsoft. I think he was being nothing more than an arrogant creep. Mr.Gates now has some work cut out to do. Times like this test our courage and it is hard to stay the course when everyone seems like they are jumping ship. Those that stay the course achieve wealth and other fall by the way side. I hope that one way or another things get better soon. I do not know of anything better for the long term then solid investing in equities. Have a good evening Later Frank