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To: the Chief who wrote (48146)	3/1/2001 4:47:18 PM
From: Shaw	Read Replies (1) \| Respond to of 62347

Concerned because the rally was sector rotational as drugs took the hit when the SOX started to fly. But, I guess we have to start somewhere. However, it seemed to have a little more follow thru than past head fakes, imo. So much so I almost picked off some IFM for an 'overnighter' (the word hasn't been in my vocabulary in a month). Also, a completely bearish friend bought calls at 3:45 and of course master bear bigbuk went long NT yesterday <vbg>. Been discussing with an associate the IBM rumour. I am convinced that it can possibly be true. Profit forecasts by tech companies (internally) have been so off the mark lately. They don't know what the hell the economy for their products is, imo. They could be wrong on their huge downside revisions, just like they were on the upside in October. Add to the fact that all techs want to beat the street big time next quarter (and have probably been xtra conservative in their calender Q1 projections) and we may have a ripe rally environment. All mo, and usually wrong <g>.

To: the Chief who wrote (48146)	3/2/2001 10:13:36 AM
From: seismic_guru	Respond to of 62347

Like you Chief, I'm a shitty shorter. I admire guys like BB who can play effortlessly from both sides. I given up trying to pick a bottom on this sucker, and will wait for clear signs of a market reversal rather than these short covering rallies. In the meantime got some bio-techs and a whole whack of oil and gas trusts returning about 20% (which can be liquidated at the drop of a hat if the techs start to recover), and some NT which if 27 goes down I will be stopped out. Cheers....SG :)