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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Steven Finkel who wrote (6029)	4/28/1999 9:25:00 AM
From: Rande Is	Read Replies (4) \| Respond to of 57584

Last night the SPOOS was painted higher, IMO so that today's fair value would be down. Right now down about 7, the SPOOS is right at fair value. . . this would indicate a flat opening. But with the number of inexperienced traders out there, they put on CNBC, see the down ticker on SPOOS and think we automatically go down. . .then our favorite cheerleader [made popular with "AOL HAS STOCK TO SELL IN SIZE"], CNBC's Maria Bartoromo says, "S and P futures market now down [6 and change] indicate a down opening" . . .which is a totally false statement. BIDS was bidding up to mid-20s. . . now fallen to mid-18s. Internets were all looking down. AOL and MSPG beat the street and are both indicating down. DLJ DOWNGRADED 3 internet stocks today. . .not yesterday or the day before or tomorrow. . .TODAY. . .XCIT, GCTY and one other . . . Now Bartoromo says "internets are coming back." All of this stinks of a trap of one sort or another, IMO. Rande Is