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To: Lane3 who wrote (2270)	9/14/2001 6:20:06 PM
From: bonnuss_in_austin	Read Replies (1) \| Respond to of 51709

Hi, Karen. I find your remarks interesting. Let me ask you what you plan to do, if anything, with your own personal finances come Monday or at any time in the future. You're retired, correct? I'm not asking this sarcastically in any way. What are your plans? bonnuss

To: Lane3 who wrote (2270)	9/15/2001 10:01:55 AM
From: Poet	Read Replies (3) \| Respond to of 51709

Hi Karen, I was on the jagged edge of pissed off yesterday and took a much-needed SI break last night. Let me try to explain my feelings and actions more clearly to you all here, as it's your opinions that matter to me. Shorting is a healthy part of market action, as s put buying. It increases market liquidity. The market's action is not simply a function of buying and selling of retail investors. The predominance of activity is commercial: what are the large commercial traders such as Goldman Sachs, Morgan Stanley, etc., doing? Mutual funds are managed within these companies, for example. If you are invested in a high tech mutual fund and seek to redeem your shares,the company is bound to give you your money within a certain period of time. If enough people request redemption, then the company is under pressure to sell some of the shares it owns. This is why mutual fund fund redemptions are being prohibited when the market opens. Another point is that commercial traders (who, again, compromise a much larger portion of daily trading activity than do retail traders like you and I) are always hedged: have both short and long positions. This helps them protect their customers from sudden and violent movements in the market. So, most of the shorts are held by commercials, not retail traders. And last, the market is manipulated and will be moreso in the coming week. The Fed regularly prints money and maneuvers interest rates in order to keep the market at the level it thinks is healthy. There will very likely be a 1/2 point, or even a 3/4 point, rate cut on Monday. The market's reaction to surprise rate cuts is usually positive. This means shorts will lose money. This is just one of the risks of trading.