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To: Peter V who wrote (12764)	3/31/2000 9:31:00 AM
From: LiamCK	Respond to of 14427

Again, reprinted without permission: The market may start higher this morning but I expect it will give back its gains and go lower. I have found in the bigger downward moves the market opens up to bring more money in and then just gives it up. Window dressing is still happening but the heavy selling is hard to overcome. The margin calls will be hitting the market today on certain stocks, which will bring more selling. The long play on Land's End this morning is solid but keep a tight stop on it. It is a listed equity so you can put the stop in after the buy. If the market starts to give it up around noon. It will go south quick. When the market takes a hit on a Friday, Monday is usually is a bloodbath. Buy LE (Lands End) at up to 58 ¬. There is a gap above at 74 that it wants to make a run for. It must close at or above 55 5/8 today to stay in the trade. The intra-day stop is 55 ¬. Don't let this trade get away from you .It just closed a gap from December 7, 1999 and there is a chance that is all it wanted to do at this point. TQNT closed at 72 15/16 .It hit our first price target of 70. It traded under 68 intra-day. Our next target down is 54. We are short from 86 « to 87 «. The April 65 put play is still in place. Remember that the risk goes up the longer you stay in the trade .It drew a doji at the end of the trading day which is a continuation pattern in a downtrend. It almost drew an inverted hammer and some of you may have closed the trade, which was smart. This is a short position.