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To: Elwood P. Dowd who wrote (62030)	5/25/1999 4:59:00 PM
From: Captain Jack	Respond to of 97611

EL-- very low 30s max would be my guess. The mkt seems to be going lower. The NAS dropped below its 100 day moving avg. Less valuation in AV ... nothing positive happening and a rate increase looks immenent.. "Even a new Internet issue got a cool reception. Barnes & Noble Inc.'s (NYSE:BKS - news) online bookselling unit barnesandnoble.com. (Nasdaq:BNBN - news) rose 4-15/16 to 22-15/16 in its Wall Street debut, but Barnes & Noble's stock fell 3-3/16 to 28-3/8. Given the stratospheric gains of other hot deals, barnesandnoble.com's performance seemed like a return to the environment that existed before the craze for cyber-related stocks began, said Steve Lacey of the IPO Reporter. Indeed, the recent decline in Internet stocks may have taken some of the steam out of barnesandnoble.com's debut, analysts said Steve Lacey of the IPO Reporter.