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To: Lizzie Tudor who wrote (64178)	6/23/1999 3:57:00 PM
From: Philip Williams	Read Replies (2) \| Respond to of 164687

From TheStreet.com Get Short, Get Loud -- and Get Burned By James J. Cramer 6/23/99 3:38 PM ET People keep whipping around this NDX like it's a kite. Earlier today big hedge funds came in and bought puts all over it and its SPX brethren. Then they spread word that a 50-basis-point rise was coming. But they didn't get a chance to blow out the puts or cover their shorts. In fact, they got slammed upside the head when Ron Insana boldly blew the cover off their schemes. Directly and with precision. Now you can expect that a squeeze will develop, as all of those puts were bought on top of a shaky selloff based on nothing yesterday. The stuff that should rally best is the stuff that got killed the hardest yesterday in that last hour, as I fully expect that the market just undoes yesterday's selloff. Hats off to Insana putting an end to a ruse we all know about: the get-short and get-loud game. Well done.

To: Lizzie Tudor who wrote (64178)	6/23/1999 4:06:00 PM
From: Glenn D. Rudolph	Respond to of 164687

I see all of these because I'm in silicon valley. The naked guy is your neighbor <G>??