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To: Steve 667 who wrote (18908)	2/1/2001 2:47:51 PM
From: limtex	Respond to of 60323

Steve - No guts !!! OK still here we are and trigger fingers are poised as they now are eveery afternoon. The slihtest, faintest wind and they will get pulled and down it goes. TTThe last hour syndrome is back with us yet again. it hasn't gone away and there are now the some number of people saying that prices are too expensive and bubble and speculative as there were a year ago or six months ago. Nothing has changed as a result of the crash. There is still no desire to buy stocks and the shorts will get another helping this afternoon. When will it end? Best regards, L

To: Steve 667 who wrote (18908)	2/3/2001 8:35:55 PM
From: limtex	Read Replies (1) \| Respond to of 60323

Steve - OK you win. Puts are easy enough to cope with. Looks like Zeev is going to be right and it will be possible to pick up SNDK at under $25 in what he described as the February masacre which got going on Friday. We've got another six weeks of this unremitting volatility and weekly slumping NAZ with gut wrenching daily drops during the week of 150+ points. IMy guess is that people have now got tired of seeing their net worth slaughtered on the Naz alter and no matter how what nice forward guidance we get later this year it will take more than is available to get people back into the market ever again. So even if we do get SNDK at under $25 what would be the point if it goes under $20 and with all its new cpapcity just about to come on stream at the beginning of a deep recession SNDKs net worth is going to get reduced so the bottom could be under $15 depending if we get any recovery before Mr G decides to increase interest rates again. You were right, get short. Best regards, L