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To: Lizzie Tudor who wrote (51664)	4/20/1999 12:03:00 AM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

I think it's foolish to sell the tip-tier here. It's a great time to upgrade the portfolio. They hit the biggest names first today, and I was able to sell my second-tier stuff before they broke and roll down into the breaks. This weakness may prevail for a while...perhaps the entire quarter or more, but I don't think you'll find too many people today bragging how they sold Microsoft at the top in 1987, or Dell in 1990, or AOL in 1994. What's the hurry?

To: Lizzie Tudor who wrote (51664)	4/20/1999 1:48:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

michelle, the pros don't own this crap at these levels.

To: Lizzie Tudor who wrote (51664)	4/20/1999 4:59:00 AM
From: flickerful	Read Replies (1) \| Respond to of 164684

[[ look at the flow of funds of individuals vs. the pros]] you might track the flow of such funds, in real time, by watching the TRIN [ and PREM] v TICK. here is monday's intraday [ unless you find this after tuesday's open] TRIN, or the NYSE Short Term Trading Index: quote.com sorry if you already know this, but viewed in relation to the PREM, the TRIN is a pretty good advance indicator at 1.00 + of institutional selling: combined with an eroding PREM, 200 or less, and you'll soon see major selling. contrast this with the TICK, which tracks general market activity, or "after the fact" buys/sells in the aggregate. finally, i encourage anyone, and i'm sure there are many... who can correct any errors in my admittedly rudimentary explanation feel free to go ahead and do so.