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To: Monty Lenard who wrote (45135)	12/20/2000 1:06:08 PM
From: michael97123	Read Replies (1) \| Respond to of 77399

I am not trying to nail you--am interested in your view on this. Bulls and bears often adopt the same stance for different reasons in short term moves. You have been successful and it would seem to me an innocent enough question for you. Promise, no bashing if you are wrong. From the bullish position I believe a relief rally is imminent and the nasdaq will hold above 2000. A relief rally from these levels could move 500 points into early january. Do you concur? At that time we can fight it out whether it will continue or not.

To: Monty Lenard who wrote (45135)	12/20/2000 1:08:30 PM
From: chic_hearne	Read Replies (1) \| Respond to of 77399

Monty, I never imagined my Softie trade working like this. If you remember from PM's, the lowest level we talked about was $54. I got rid of all the Decembers at the levels you gave me, held onto the Jan's. Well, I've still got 1/3 of the poots left. I've been crossing the trades in 1K lots at $49, $47, and $43 so far to delay taxes into next year. Softie is real sick. It's my only trade open for the last few weeks so I've been watching it closely. It just goes straight down and doesn't participate in any bounces. Any airpockets down at these levels? -ggg- So much for the Crisco bounce to $55 that would let me increase my short position. I guess I'll just sit back and wait for the first decent rally. chic