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To: The Ox who wrote (8313)	4/21/1999 1:17:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 14427

i have no idea, Mike what are you buying today?

To: The Ox who wrote (8313)	4/21/1999 1:37:00 PM
From: SJS	Respond to of 14427

MIke, I stayed in them. WHEEEEEEEEE!! Here's Briefing's spin: ________________________________ (DAYTRADER): Tech stocks have been able to shake off Microsoft (MSFT) weakness to make second consecutive day of heady gains since Monday's tech debacle. The Nasdaq has traded up as many as 46 points or 1.9% on the session. Rally in the tech-laden index being led by the semiconductor equipment stocks, which are benefiting from a DLJ upgrade of the group from "market perform" to "buy." Although firm remains concerned about the overall tech sector, believes that the chip equipment makers should outperform. Indeed, the group is out in front this morning, led by strong moves in Novellus Systems (NVLS 54 3/4 +6 7/8), Applied Materials (AMAT 60 7/16 +3 11/16) and Kulicke and Soffa (KLIC 25 3/8 +3 5/8). Philadelphia Semiconductor Index has risen 21 points or 5.4% on the session. The SOX has rebounded to within 6.5% of its 52-week high reached January 20.... Following Monday's tech sell-off, no question that short-sellers began to pile into wireless communications equipment maker QUALCOMM (QCOM 180 3/4 +40 1/8), in hopes that the stock would fill-the-gap back to $80 a share. But with report last night of blow-out earnings and announcement of a 2-for-1 stock split, shorts didn't stand a chance. QCOM's current short-interest ratio is 4.4 days, more than 4 times greater than the S/I of Dell Computer (DELL), which recently saw a 13.5 million increase in the number of shares sold short... Internet Stocks: Many calling rebound in Internet stocks another example of investors rushing in to buy-the-dip. While this may be contributing to the recent bounce, Briefing.com attributes much of rebound to what we like to call "making-a-living" trading. The increase in the number of individuals who rely on trading profits as their sole source of income has been nothing short of mind-boggling. Although trading experience and gut feeling may suggest that Internet stocks have further to fall, thoughts of rent and automobile payments undoubtedly pulling many traders back into Net stocks. Given the type of volatility that these forces create, experienced traders are making as much money in April as they did during January's run-up. Recent IPOs: Traders making their way back to stocks such as WorldGate Communications (WGAT 34 5/8 +4 3/8) and Sagent Technology (SGNT 10 3/8 +1 3/8). After last week reaching highs of $49 and $16 13/16, respectively, WGAT was knocked back to the $25 level, while SGNT tumble to $8, or more than 11% below its $9 IPO price. Although it won't do you much good now, WGAT was trading at $31 when we began writing this piece.