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To: Archie Meeties who wrote (133)	5/12/2000 1:34:00 PM
From: Bill Harmond	Respond to of 57684

>>this rally is being massively shorted. I think that's actually good for a continuing rally.

To: Archie Meeties who wrote (133)	5/12/2000 1:57:00 PM
From: Mark Fowler	Respond to of 57684

Exactly the opposite, this rally is being massively shorted.? the put/call ratio is high a good contra indicator as well. I think smart shorts already left though.

To: Archie Meeties who wrote (133)	5/13/2000 3:57:00 PM
From: Curly Q	Respond to of 57684

If this rally was being "massively shorted," we wouldn't be trolling through the last couple of weeks with the lowest volume of the year. I really feel that the bottom has not been touched yet. Every rally has been on anemic volume. Distribution days galore. The top ten percentage declines of all time occurring in the year 2000. The big decline in the middle of April did not produce the kind of fear and loathing for the market that would signify a bottom. If this latest rally was indeed being "massively shorted," I think it would indeed be a time to start nibbling. In the meantime though, positions should probably be liquidated if they go against you 7-10%.