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To: shasta23 who wrote (12645)	3/28/2000 10:12:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 14427

Stefan! Oow, Oow, Ouch! Very bad day for me as I was long EMLX! I have had my fair share of these mega-tankers in the last year: NEON, VRTY, POWI, now EmuLAXITIVE. Plus, I compounded the loss by making some silly trades during the day. But I'm learning. But I'm still up almost 70% for the year, so I'm not complaining too much. But if I was more disciplined, I would be doing much better. Yesterday and today I lightened up -- now about 50% cash in my trading account. Sold CREE, BEAS today and CPTH and EXDS yesterday. Still hold AMCC, JDSU, NTAP, SNDK, ADIC, DIGL, CNXT, SAWS, SPOT, and added CAMD today. Market sentiment has reversed 180 degrees and now everybody is nervous all over again. I suspect a buying opportunity in about a week. BWDIK

To: shasta23 who wrote (12645)	3/29/2000 6:29:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

Stefan, I have not been trading stocks actively other than in my IRA accounts. This is due in large part to my monthly selling naked puts strategy in my main accounts and keep holding the key stocks (e.g. RFMD and SAWS) to provide the buying power. For RFMD, I am not selling since I am determined to pay LT cap gain on it. For SAWS, its fundamentals is too compelling for it to not rebound big one of these days. By selling puts, it makes sense to hold as long as possible until the time premium has decayed to nil or almost nil before deciding what to do (buy back or rolling over to the next month). I have to admit I didn't sell TQNT while it was still in the 90's. Wanted to but got greedy so I broke the same old trading rule once again. It is always greed that got me into stuckoland. Has to keep remember - if I can guarantee selling too soon for smaller profit each time, my account will double in no time. The only downside of this strategy is one typically misses out on major movers such as RFMD for me. But now that I have one, I should try to spread the risk by trading more. VLNC - JHR, VLNC is breaking down as it closed below a strong support at $28-29. If it continues to slide today, then it may very well meet its next support at $22 before staging a big rebound. However, the headfake argument is not completely invalid either since it hit the lower BB yesterday and may bounce off this lower BB today. If it opens up and stay up the whole day today, especially reaching above $29 and avoid printing below $26 intraday, then this argument is still valid. If not, the chance is good it has broken down and will trend lower.