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To: Barry Grossman who wrote (37390)	2/22/2000 4:22:00 PM
From: Zeev Hed	Respond to of 93625

Barry, we were already some $40 plus on the day, one should expect some wild gyration for people putting market orders near the close. I saw a sequence there of 177, 183 180 177 or so, amazing since the price quoted had nothing in common with the bid ask spread which was quite narrow. Now, if the fear of a squeeze has not gotten deep enough into the shorts, they have the rest of the week to contemplate their underwater shorts. I think there will be a lot of pain there, particularly the less savvy one that short without hedging. Once they cover, and a new crop has not come in to substitute the "washed out", we should expect a deep retrenchment, the support should now be no lower than $137 or so (if one is religious about it, the support should be this morning's low of $132 or so). Zeev