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To: B Tate who wrote (4559)	4/20/1999 2:51:00 AM
From: Dale Baker	Respond to of 118717

I had a major down day but I am still up 43% YTD so no complaints. To hold my gains I would have had to sell all my Internuts plus all my MFNX and FNDTF. But I already made a strategic decision to keep a stake in all those companies instead; so the price we pay is riding the roller coaster. If I sold out at the top each time I don't know if I would have the nerve to buy again when I think there is a bottom. USAB was a nice day trade. I wouldn't mind 2 or 3 of those each week.

To: B Tate who wrote (4559)	4/20/1999 3:07:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Good NVLS posts. I added myself just under 47 and have an average cost around 51 now. Target - 75, of course, a 50% Gain. To: Duker (2154 ) From: A. Edwards ( Ignore ) Monday, Apr 19 1999 4:58PM ET Reply # of 2159 Mike O'Brien remains upbeat on NVLS: April 19 (Bloomberg) -- Novellus Systems Inc. (NVLS US) was reiterated ''buy'' by analyst Michael O'Brien at SoundView Technology Group. The 12-month target price is $88.00 per share. To: A. Edwards (2155 ) From: DougHboy ( Ignore ) Monday, Apr 19 1999 5:59PM ET Reply # of 2159 Loaded up some more shares at 47. My cost basis is 52ish for all my shares. From what I read, there is a fundamental investment mistake occurring here; investors are fleeing the semi-equip sector because of AMD and Intel's problems and the continuing DRAM bloodbath. But the reason the chipmakers are suffering is not because of slack demand; they are having trouble because they are all pouring chips onto the market in a bloody price war. Net-net, the price war is a boon to the equipment makers. They are the "arm suppliers" to this war, and they benefit regardless whether Intel and AMD blow each other apart. Still see some near term weakness (as low as 40?) but we're going to be back in the 70s or 80s by year end, IMO. Doughboy.