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To: Lizzie Tudor who wrote (75457)	8/26/1999 1:10:00 PM
From: Danny	Respond to of 164684

Only nuts want to go with short position at this time. The momentum can easily crush any short positions. Look at NTOP!! Even a crap IPO IMGX went up 100% today, Especially PCLN here. How on earth can you risk the potential of losing 20, 30, or even 50 pts, just for a 10 pts gain at most by going for a short position?

To: Lizzie Tudor who wrote (75457)	8/26/1999 6:06:00 PM
From: H James Morris	Respond to of 164684

>>When I first bought puts on pcln it was a forgotten issue and easy to make money on the downside - but no more<< Michelle, there's tons of money to be made, but you have to be doing 48rs of research in each 24 hr day. Yes! luck too. I sold off 1/2 of my position in Eeln @ 45 this morning, and WOW!! Look at it now. I did buy quite a bit Bamb this morning @ 10 (did you see the volume?) as I'm trying to figure out where this liquidity driven mania is going next. Did you see what they did to Bank One yesterday? Hell, a multi-$billion bank with $millions of profits warns of earnings not meeting expectations, and they whack it, but these Amzn's which might never make a profit keeps going up? I'm going to take my new found $billions to the south of France, and watch this volcano from afar. Can you speak French? Ps This is more exciting. Sold our software to a 35,000 employee high tech company, and a 3300 employee utility today!!!