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To: wannaBrich who wrote (4411)	10/25/2000 3:36:01 PM
From: Lane Hall-Witt	Respond to of 8046

Of course, I don't really know exactly what happened -- but I think big money often puts some size on the bid when CNBC initiates a pump 'n' dump in order to trigger chart alerts, because a lot of traders won't play a CNBC pump unless they get a volume/momentum alert. So the fundies provide that in hopes of getting retail dollars involved. You may be right that those blocks were buys, in fact, but I guess I didn't regard them as "sincere" buys because the blocks on the ask quickly swarmed in and drove those buyers off the bid. This is just my relatively uninformed opinion, fostered on a day when I'm doing a lot of watching, but little buying and selling. My core belief, which shapes this interpretation of the CNBC frenzy, is that a lot of big money is in the fiber sector very deep, and they probably are trying to figure out how to get out the door in an environment where the market has suddenly become extremely skeptical.