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To: Jim McMannis who wrote (12438)	10/9/2000 11:57:58 PM
From: chic_hearne	Read Replies (3) \| Respond to of 275872

Re: hopefully, Chic will soon understand that betting too much on doom and gloom can be hazardous to your wealth. Jim, You must be not reading many of my posts. I've always been a long term bear since being on SI, but I was short term bullish just because I thought things would continue to go up. This has changed and we are entering danger areas. Denying that there's potential for a massive crash is what will be disasterous to one's health. Online investing has created massive liquidity as long as both sides participate equally. What happens when there's no buyers and there's 10,000,000 online investors looking to get out at the same time? What would have happened had people not bought the dip in April's intraday disaster? What happens when the Naz flirts with panic selling again, but the economic outlook isn't as rosy as April? What if the dollar weakens and foreigners heavy into our stocks start to dump? Many possibilities, not sure what will actually give FEAR to this market, but it's coming. Like I've said many times, I'm heavily into poots and calls. The only stocks I own anymore are gold stocks. I expect severe enough volitility that I can profit either way. IMO, these levels on the Naz aren't maintainable. Either we crash now or we go violently up. Eventually, I'm convinced there will be massive down, I doubt anyone can actually call the timing though. I think there's not nearly enough fear at this point, but I may be wrong. It could be something completely different that I'm missing. What happens when the PoG makes a $20 move UP overnight? That signals FEAR to me. chic