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To: Jill who wrote (5949)	4/4/2000 12:49:00 PM
From: RocketMan	Respond to of 8096

Looks like we might have an intraday "correction." Look at the bright side, at least AG won't have to worry about the wealth effect any more. And I wonder what Abby is going to do with her model portfolio. After all, techs are 20% cheaper than when she took 5% off the table.

To: Jill who wrote (5949)	4/4/2000 12:54:00 PM
From: SecularBull	Read Replies (2) \| Respond to of 8096

Blood in the Street is good and healthy. I think that there are many margin calls today. Not me. LoF

To: Jill who wrote (5949)	4/4/2000 1:38:00 PM
From: edamo	Read Replies (2) \| Respond to of 8096

jill...cnxt apr70....look toward october expirations for repair.. days like this wipe out all the speculators and the otm/dotm call buys.... proves the prudence of using short puts as a hedge, even if they appear to be going against you.... yesterday went to 100% cash, started selling puts with strikes that i sold the common as a hedge.... e.g...sold brcm common at 230...sold jan230 put at 60....cost if assigned 170, to get my position back... put may be up 25 points, but common down almost 70.... these are the strategies that may limit the mega gains that some call buyers revel in due to only bull market mind set....but they raise cash, limit downside, and if all were put back to you today, the carnage is merely a flesh wound.. sitting on much cash....it will turn...nothing wrong with fundamentals, economy, just a dose of reality, the junk being put to the curb with the valuables, a prudent investor must now pick the trash for the good stuff thrown away by mistake... the key is interest rates, they are falling along with the high pe junk.....watch intc, it may be the key to trend reversal