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To: Elmer who wrote (496)	8/4/2000 10:29:28 AM
From: Mama Bear	Read Replies (2) \| Respond to of 810

David, I understand there are a lot of traders that square positions before the weekend, both long and short. Longs do it because companies have a habit of putting out bad news on Friday evening, and shorts because companies have a habit of putting out good news and mergers on Monday morning (although I'm sure there are other reasons). It is one reason why you are likely to see a sell off on Friday after an up week, and a rally on Friday after a down week. Regards, Barb

To: Elmer who wrote (496)	8/5/2000 9:20:04 AM
From: Paul Kern	Read Replies (1) \| Respond to of 810

There are all kinds of trading styles. There are shorts who trade for quarters and halves, shorts who cover at the end of every day often pushing a stock up a little after 3:45, shorts who won't hold over the weekend and shorts who just sit on a stock that they think will drop no-matter-what excluding a takeover offer. Also, most shorts in one stock are long in another. It depends of where we see a stock going and I often alternate in the same stock in different situations. Story stocks that make huge gains on huge volume with the day traders selling stock to each other, usually re-trace 50-60 per cent pretty quickly and slowly continue down to near where they started so I'm looking for something around 14 in the near term. At any sign of another run-up, I switch and go long. Paul