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To: Jeff Jordan who wrote (68220)	2/15/2001 7:11:52 PM
From: Shack	Read Replies (1) \| Respond to of 436258

...I meant market reaction to NT significance to the market on a whole was overdoing it.. not to NT...NT tanked everybody! WHY NT is (was) a 100 billion dollar listed stock. Its pretty significant. However its NOT affecting the market that much so far. Futures are down but only to the level of yesterday's open. I don't think this is the catalyst to send the market down the drain.

To: Jeff Jordan who wrote (68220)	2/15/2001 8:50:45 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

NT may not have tanked anybody. This was a totally unsupported options expiry runup and CIEN was the excuse to run it up and they would have likely done so even if CIEN reported as bad as SCMR. Now that we had our runup they can blame this mess on NT. If NT reported a couple das ago and AMAT today, the action would have been 100% the same except NT would be up and AMAT the scapegoat. CIEN is 110% priced for perfection now. Look at their PE and PEG. With the entire sector selling off and Gilder totally trashing CIENs technology in his latest report (removed it from his clown buy list as well), where can CIEN go but down. KISS has this mess right. This clown rally is not about CIEN, SCMR, AMAT or a "new Bull" market. This is options manipulations, no more no less, and charting support resistances on the Naz or whatever was just a waste of time. I am glad I cashed out most of my puts but was stupid to not cash them all out. Next time I will not be so so stupid. Next time I will have a little more patience before I reload. M