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To: Archie Meeties who wrote (64430)	4/12/2000 6:26:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Heavy call buying in PXD as well in scattered strike prices/times. PXD normally has very little call buying so it's noteworthy imho. quote.cboe.com This kind of call buying is typically institutional and usually means an issue is significantly underpriced. OT - I thought the tech selloff was close to being over, but I looked at CSCO and a few others and we could still lose 10%+. I think we'll get it back pretty quick, but it could get ugly tomorrow in tech land. I would guess we'll get one hell of a dead cat bounce when this thing is over. Many of these issues are down 50, 60, 70%. It should be pretty easy for them to bounce 25%+ once the dust settles. Any ideas? Send them to my Private Mail Box. I still like NITE, but if it breaks 38 it'll go back to the low 30's again.

To: Archie Meeties who wrote (64430)	4/12/2000 6:32:00 PM
From: BigBull	Read Replies (5) \| Respond to of 95453

I've have gone to 70% cash today. Why? Simple. I believe this over all stock market is about to become gripped by extreme fear. The major techs are all breaking down badly. The extreme use of leverage we have just witnessed will generate some real margin call related blood letting. I do not believe there will be rotation this time into cyclicals. For now, I don't think any stock is "safe" despite the rally in select financials today. Even so I am now convinced that the Fed's process of increasing rates is over. The Fed now has no justification what so ever to increase rates from here. I strongly believe in Boom 2000 and look to re-enter sometime over the next month or so. I do not believe the energy fundamentals have deteriorated, on the contrary, they are quite bright. But for now ole Bullsky is in capital protection mode. Been here, done this, and don't like what I see at all. When fear comes to town people forget fundamentals, especially if they have a profit to take. If I'm wrong I can always re enter laggards. If I'm right I get to buy leaders at cheaper prices. But for now, for me, discretion is the better part of valor. JMVVHO Bull

To: Archie Meeties who wrote (64430)	4/12/2000 7:06:00 PM
From: Frank	Read Replies (2) \| Respond to of 95453

NG injection of 2 bcf is obviously bullish but as JQP noted a withdrawal would have been nice from a psychological and headline standpoint. 2 bcf is about 25 minutes national usage. Next week will see a strong draw and I would be willing to bet a coffee that this weeks numbers will be revised downward. The real news is that April could be a flat injection month.Puts real pressure on May. Good luck to all NG believers-Frank