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To: Lucretius who wrote (34980)	4/20/1999 5:34:00 PM
From: J. P.	Respond to of 86076

Somebody else pointed out, and I agree, that the announcement of Microsoft earnings is a traditional break in the Nasdaq. We are looking at a long summer of nobody buying tech products, not only because of seasonal weakness, but of course Y2K. The summer will wear down the Nasdaq through attrition. I added some more tech puts today on this 'strength'.