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To: TobagoJack who wrote (3088)	1/5/2000 9:41:00 PM
From: manohar kanuri	Read Replies (2) \| Respond to of 6018

I had forgotten about your VSIO angle. I myself prefer things that won't confuse me in the wee hours. I'm not sure if this is the volatility that I expected. Or that this kind of one-day hiccup is going to do much to scare weak bulls. Yesterday was the kind of day when I would get calls from family and friends wanting to know what's happening. Only one person called and he wasn't worried, only wanted to know about a specific buy. The unflattering conclusion, that I'm slipping as the familial expert, is offset by the chatter in bars and restaurants where a "did you see that?" is all it seems to have merited. There was more interest in the waiter who dropped the soup. My doorman, infallible barometer of the building's mood, continues to be obscenely cheerful. The last few months seem to have given people the ability to yawn away 5% drops; been there, done that, bought the t-shirt. I'll be happy with quadruple that. Those are the times when insuring fear seems to entice, to pay off best. Premiums are at max, buy some calls with what you get, and if you get assigned (by design or not) you have even more of what you like. Steady states unnerve me; there's a predictability to fear and mania that is missing in evaluating the price-effect of a news item. My original target was for the middle of the month to do some serious casting about of the fishing net. At this rate it might just be small fry. MO was one of my favorites till about a year ago. The public mood has become unpredictable and the upside is hostage to that mood so I've given up MO. This morning's FT had a picture of a bar in Vancouver. The barman, per a new local law, is wearing a gas mask while a patron smokes. Presumably he takes off the mask when he steps out into the street. Can't miss out on all those vehicular emissions. Are you expecting MO to spin off their foods? I expect they will litigate any such move. From an interesting article on the net in Japan. If the internet is about anything, it is about disintermediation - or cutting out the middleman. And if Japan is anything, it is a nation of middlemen. [from the newspaper to a nation of shopkeepers I guess that's a compliment of some kind??] Rest of the long-ish article at: ft.com