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To: Monty Lenard who wrote (44574)	12/15/2000 9:18:14 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 77397

Watch Orcl , MSFT and SUNW for signs as they have the most dollars trading already today.. The index can still fall however when the most $ volume stocks hang a bottom or ease up in stelth mode it sets up things for a rally. All I want to see is a stelth rally in some of the Big boys..other wise I short after gap ups. The gaps are what I'm playing the most. BUT I'm playing the QQQ and BHH I'm not in many stocks at all and the few I have I've sold calls on.

To: Monty Lenard who wrote (44574)	12/15/2000 9:46:16 AM
From: James F. Hopkins	Respond to of 77397

Monty ; Short term the MAX pain point is well above where we will close. That means the PUT buyers make money on this ex how ever when ever it expires where the Max pain is strong the next week it tends to reverse. A lot of stocks were shorted by commercials who also sell puts, when those puts trigger it closes their shorts. -------------- It's like Short then sell puts to close at a target they hate to buy the puts back. But would prefer to short again if they see more downside , they most always sell puts and have buy stops on the shorts that are against the puts in the event the market does move up they just cover and keep the premo. If it moves down the cover is automatic, like it will be cause covering this time tomorrow when the assingments are made. Most times it works that way when MAX pain is way off at ex date..if when CALLS win big in such cases the next week falls. In short a lot of shorts will be covered when the market is closed tomorrow, unless we rally today which I doubt. Jim

To: Monty Lenard who wrote (44574)	12/15/2000 10:04:12 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 77397

Watch this search.news.yahoo.com They were cut off tight up until Late Nov.. and that was a lot of the problem, as he pulled out all the liquid he added last Dec and Jan.. now he is seeing he screwd up..but is caught in a catch 22, he knows if he cuts rates it kills the dollar hence inflation..so he tries sneaking money in the market , but you don't hear CNBC talking about these Repos. Jim

To: Monty Lenard who wrote (44574)	12/15/2000 11:12:57 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 77397

Well MAX pain may give us a short cover rally next week but MSFT and SUNW made new lows so I don't have a lot of hope that any rally will last very long.

To: Monty Lenard who wrote (44574)	12/15/2000 12:27:12 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 77397

Monty; I'm puzzeld , everything is nuts at waterhouse compared to the CNBC real time quotes , waterhouse is paying 1/2 to 3/4 pts more to sellers, and of course charging that mouch more to buyers.. Does that mean waterhouse has more mullets buying than selling..that's what it looks like. While big blocks are going off on msft on qcom as low as 49-1/2 water house is selling at 50 1/16.. and only shows a low of 49-7/8 so far. I've never seen this before it's now a $1 spread on MSFT from the tape and what waterhouse is selling at. This is some real crap.. why should I buy a dip if I have to pay an extra $1 Jim