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To: The Ox who wrote (10635)	11/20/1999 6:28:00 AM
From: Jamuck	Respond to of 14427

Micheal Noticed you shorted EMLX a while back. What is your take on this stock going forward. Still a short or did it break the downtrend Fri. [with the split set]. just a jamuck

To: The Ox who wrote (10635)	11/20/1999 11:03:00 AM
From: SJS	Read Replies (2) \| Respond to of 14427

It now clear why my stock was called. I expected the stock to be in the 150-170 range, but coupled with George Soros buying it in Q3, and the recent rampage with every hi-flier being a target for more bulge and bloat, then all bets are off. Realistically, this stock rarely backs off, but as I indicated before, it flattens while the 13 and 50 day averages move up to its current level. I know it's going to run before it's split at the end of December. I'd like to see it consolidate a little, but it's resislient to going down unless some fundamental market fear or bad news directed at the stock in particular occur. I think the former is more likely than the latter. With cash waiting in the wings, and lots of "10 point below the current market GTC buy orders" on tap, it will give up it's gains grudgingly. I think for this one, I going to adopt the following motto: Leave it the f**k alone. No more options writing. It's LT money for retirement and I believe the company is a winner. The fundamentals are good for a long while, and I will re-evaluate that periodically, or if things change due to an event (takeover, change of management, etc) If I get itchy to write options, you guys have my permission to yell at me not to <G> Steve PS: Not to be longwinded, but the answer to your question is 240-250 by the split time in December (29th). A 2 for 1 is expected, but the conjecture is that if they don't change the December split multiplier from 2 to 1 to a higher multiple, then ANOTHER split may come in February or March of 2000 to make up for it.