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To: AllansAlias who wrote (43438)	6/26/2002 4:55:26 PM
From: Paul Shread	Respond to of 209892

"Old orange jumpsuits can be turned into very nice window treatments with just a little imagination." 06:46 ET Martha Stewart probe widened to include possible obstruction of justice --WSJ (MSO) 13.60: The Wall Street Journal reports that federal prosecutors have widened their probe of Martha Stewart beyond insider trading to include possible obstruction of justice and making false statements. At issue is whether Stewart misled prosecutors in explaining why she sold ImClone shares. Adding pressure to situation is admission by a sales assistant of Stewart's broker that he initially misled Merrill Lynch's lawyers and the SEC.

To: AllansAlias who wrote (43438)	6/26/2002 5:08:52 PM
From: The Freep	Respond to of 209892

I'm actually not bearish, AA. I'm just saying that for weeks we've mostly ignored "down" as an option cuz so much pointed to a rally. (You and Shack have both bought calls more recently than puts for goodness sakes, and you're both really waiting for the breach!). Also, I'm sure I'm typing in an attempt to influence the market into an identifiable and buyable bottom. <g> Final also -- for a very long time, folks have identified this week as a likely bottom (many since last year), and price-wise AND cyclewise everything is in alignment to make it happen. Yet now that we're here, every scenario BUT that gets analyzed (largely, I know, cuz we've done it to death) and favored (by myself, too. No aspersions here). I merely want to point out that sometimes the simplest solution is the right one. That said, I've got lots on the side of "rally from here" -- we tested the S+P lows, and it held. For all practical purposes we've double bottomed on the Naz (or triple bottomed, since isn't this the area of the Oct 98 mess) and had a deep breach on the NDX. Today's reversal was pretty nice and broad based (though the banksters still got pummeled). And there's no bad news after the close, so far! Oh, and the chips held well and bios were up (and I, for one, have been expecting the bios to lead the down. Guess again, Freep). Anyway, I'm not real bearish. I think we're close time and price wise to a bottom of some merit here than we are a top. My next purchases will likely be longs. . . unless we get the middle road and I miss it all! the freep