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Elmer Phud

10/08/02 3:51 PM

#1418 RE: wbmw #1416

wbmw -

after a rough day on the market, it looks like my QQQ is recovering. I was getting worried when it went below $20.00.

QQQs (actually more QQQs) are starting to look very attractive now. We are about 85% off the highs of ~2 years ago. I'm preparing for a major return to the market and QQQs will be my main vehicle. INTC will be there too but I will wait for better semiconductor market conditions first.

EP