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To: craig crawford who wrote (128329)	7/14/2001 3:01:15 PM
From: Sarmad Y. Hermiz	Respond to of 164684

>> so in other words all this recent buying of yours is just nibbling to keep you occupied while you are waiting for the real panic? No not nibbling. Trading. The emc I bought at 20.42, I sold at 22.40 and 22.70. The pwav bought at 13.+, sold at 15.+, also recently sold i2, orcl, altr at 32 to 33+. etc.... However, my wdc paper loss is at the moment over-shadowing the trading gains. But the real panic possibility I learned from you. I don't give it a high likelihood, but one has to be ready for it. The signs will be if earnings warnings start to be sounded for the 3rd Q.