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To: Lee Lichterman III who wrote (37017)	12/1/2000 10:49:27 PM
From: Secret_Agent_Man	Respond to of 42787

any div hunters? PAG* PAG Pacific Gulf Pptys Inc (NYSE) 27 7/16 12/1/2000 4:01pm +1/8 +0.46% 12/1/2000 6:44pm PACIFIC GULF PROP. $22 DISTRIBUTION: RECORD DATE, DEC. 11; DISTRIBUTION DATE, DEC. 15 -

To: Lee Lichterman III who wrote (37017)	12/2/2000 7:14:25 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

Lee, I read someone else take on the COT report (I'll try to recall where) which stated that the pros are still heavily short. I have never been able to read these reports, and rely on other to tell me what's in them. As for the election, Gore is runnung out of gas. Notice you have not seen Daley/Christopher on the tube much

To: Lee Lichterman III who wrote (37017)	12/2/2000 11:18:01 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 42787

Lee, COT report shows the big guys now a record 81194 short on the SPX. Last week, they were short 79145. The report reads - The renewed two week low in the S&P came about three weeks ago and again it has been a strategy that would have you in a profitable stock index short trade. If you are short, remember to consider trailing your stop above the two week high. Recent Investor sentiment figures are showing market advisors getting near 60% BULLS which is an indication if EXCESSIVE optimism. NASDAQ is down 50% and the Dow down 10% + and they are excessively optimistic! Well, the COT report is saying the same thing. The net commercials have record shorts and the SMALL SPEC have record net longs! This is NOT the kind of setup that calls a bottom - it is calling a TOP!! We have to use our head. When the small specs are record LONG and the commercials are record SHORT we are supposed to aggressively look for SHORT positions. The bottom tends to come when we have record small spec SHORTS and overly bearish advisor sentiment and long commercials. (Red text is corrected from press release. oops) Sorry, I don't make up the numbers, I just analyze them. That is the important lesson to learn in following the COT report. The COT report forces you to look at reality. The reality of the numbers say EVERYONE is looking for a bottom, and everyone is usually wrong. We probably have a long way still to go on the downside. I have also fallen into the same trap of looking for a bottom during this seasonally bullish end of year time period. I'll look to recommend exiting long call spread positions and start shopping for April put position recommendations. Follow my stock index commentary at www.futuresfax.com each weekend. Good Luck and Good Trading! George