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To: 16yearcycle who wrote (11457)	5/9/2002 12:51:12 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

Bought some UTSI August 20 calls, took hedge ofrf Brocade. Net long TIVO, PYPL, UTSI, BRCD

To: 16yearcycle who wrote (11457)	5/9/2002 2:12:25 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 57684

Back to those top ten nasdaq up days again: In the following day after, 7 of the other 9 were down, and down big.(5 over 5% down) 2 were up big again. Rememeber that yesterday I had a summary of the results at 1, 2, and 3 weeks and 1 month.(yeah, I see now I should have looked at 1 day to warn everyone to short overnight) Despite the bad down first day after, the results were really quite good through the month, and even better for 3 weeks. There were NO previous occasions of a first week that was down substantially, and the nasdaq closed higher than the day after close every single time, if my numbers and review is correct. So far, we are having the 3rd best day after on a % basis..thats how bad the usual day after has been. And remember that every occassion of a big rally was clearly within a bear market.