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To: pater tenebrarum who wrote (56974)	8/18/1999 12:42:00 PM
From: Jorj X Mckie	Read Replies (1) of 86076

Heinz, Most of the nuts are still below the P&F downward trending Bearish Resistance Line (BRL). EBAY, YHOO, AMZN all of them are coming up to this trendline which does provide significant resistance, though the are all about 10 pts away from their respective BRL. If they were at their BRLs now, I would short/put with abandon, but right now I am only taking partial put positions with September expiration. I believe that this is a bear market rally in the nuts and I won't change that opinion until I see the big boys of the nutz get through their BRL. Had it suggested to me that this was a short squeeze timed for options expiration week. I don't have much of an opinion on this either way. Points that I will put with abandon: EBAY - 135 AMZN - 125 (watch for the split on 9/2 though) YHOO - 150 (generally avoid putting YHOO, been a mistake every time) If YHOO hits 160, I would start exiting my poot positions on the nuts as I would change my opinion that this is a real turnaround rather than a bear market rally in the nuts. JXM

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