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To: SJS who wrote (10566)	11/12/1999 10:16:00 AM
From: drsvelte	Read Replies (1) \| Respond to of 14427

Bought COVD and ADAP. Lightened up on HIFN.

To: SJS who wrote (10566)	11/12/1999 10:23:00 AM
From: Thean	Read Replies (2) \| Respond to of 14427

Blow Top Warning! The semi high flyers all gapped up this morning and after half an hour everything was met with strong selling pressure. The rest of the day will lay the stage of what is to come next week. We are due a correction and if they could not recover the high ground lost this morning and spend most of the day near the low of the day by 2-3pm, I would unload anything that's not collateral with options. If things take a further tumble in the last half hour, then it's safe the correction has started and things will consolidate at least a quick 20% before they build another base. I'm no bear but have seen this picture many times. This is all healthy in the long run. The greater fool theory has to be fulfilled. TXCC moved 50% in 3 weeks - this is a 50% hair growth and should succumb to profit taking before they can move any higher. Thought about buying Nov 60 put this morning but things moved too fast.