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To: brightness00 who wrote (10186)	2/14/2001 6:38:57 PM
From: mishedlo	Respond to of 13572

I disagree with that completely, but I like to hear other opinions. Listening to WS has made be more cautious a couple of times. That said. We are experiencing a short covering, optionsexpiry rally and nothing more IMHO. We were simply way oversold as WS said and in need of a bounce. There is simply no reason for this bounce to continue, and within a hundred points (probably less), the bears will be all over it and the LTBHer's will have again expended capital that can not be used to fuel the rally. I am adding more puts on any bounce. NETE is my favorite one right now. It simply takes some for excesses of the market to wear off and we are simply are not close at these PEs and growth rates. Biggest reason however, consumer confidence is going nowhere. Without people buying PCs, cars, phones etc, these inventory problems can not and will not be reduced in a timely matter. Thus...... more warnings to come. M