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To: Hobie1Kenobe who wrote (11123)	3/2/2001 10:50:11 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

Thanks. I am starting to wonder if one should simply not do anything until 1 hour before close. Then just pile on, whichever the direction du jour, typically down. Once the selloff started you actually ahd a fair amt if time to react. I missed the first 2 points but picked up CIEN puts when it was at 72, RIMM puts when it was at 43, and AMAT puts at 47. On a headfake I would have gotten killed but it sure looked real. Seemed like easy money. Perhaps I should have closed them out (a near double on short-term) CIEN puts but I elected to hold over the weekend. I really felt stupid earlier today taking small profits on CERT 3/8 point on 1000 shrares. Somehow it seemed the right thing to do. It "ran" another 1/4 point and I am sitting wondering why I am so stupid talking megar profits. Same thing on SSTI, move 1 whole point. Felt like an idiot cashing in, yet that is what my instincts told me to do (this was before the reversal). One lousy point, but is was on a chunk of Calls so it was actually a 16% return. For about 5 minutes I was kicking myself, cause SSTI rose a bit as well. I was really really annoyed at myself. Then we had that sudden reversal and I not feel so stupid, instead of panic unloading stuff, I could concentrate on buying puts instead. Until people get over these jitters, and it will not be easy with so much overhead resistance, you just have to take profits on the long side, no matter how meagar or you get your hear handed to you on a platter. M