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To: SJS who wrote (12864)	4/4/2000 4:04:00 PM
From: LiamCK	Read Replies (1) \| Respond to of 14427

What an f'ing disaster trying to get confirms!!!! Fidelity really lets down its customers. AB Watley will be getting more money from me, at least I can tell if I'm filled.

To: SJS who wrote (12864)	4/4/2000 6:10:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Steve, I was surprised I could trade at Waterhouse at the peak of the selling. Anyway, got a bottom fish today (had to use call as I'm now into the poor man mode) by buying April PHCM 135 call for 2 1/2. I hope to be able to sell it tomorrow between $12 - $15 (if PHCM moves to $130 - 140). I don't think we will go straight up from here even if today's bottom actually becomes the BOTTOM. After such a big scare, most people are on the trader mode so things will go up and down very fast. Unless one can keep a close eye on the ticker and a fast execution/confirmation broker, I say stay on the sideline and maybe only use some rediculous limit price to buy, e.g. buying RFMD at $80. On a more positive note, I think today's selloff has every look of a capitulation one needs to get in a crash cycle. I read that there was no bid at one point, and that was the de facto sign of a capitulation scare. Remember Black Monday? Gray Monday? Aug 31, 1998? I believe there were no bids across the board at one point and the market dropped 5% over several heartbeats followed by a broadbase recovery. Keep my fingers crossed anyway as I have used up my powder. Otherwise, I would hope for more short term big drops to bottom fish some more. Look like I may be selling May put's early this month to take advantage of the current big intraday swings. Other than PHCM and HLIT, I think I will have to roll over MERQ, TXCC, VLNC and CNXT. Pete, BBY broke below $80 which is a breakout point and midline BB. Therefore, it may be time to rotate out of BBY into something with a higher flash point <GG>. On second thought, maybe cash is better.