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To: Kirk © who wrote (274813)	1/22/2004 10:02:58 AM
From: mishedlo	Read Replies (1) \| Respond to of 436258

The sad part is he seemed like a decent guy.... Velo is a very good guy He also offered some nice charts and stuff for free. He is NOT a pump and dumper that KISS accused him of being. No way in hell. I am merely stating what I know and I know it cause I was a subscriber. He was short 1-3 DOW futures for a long time. If and when those were finally covered I do not know. He traded in and out of the S&P as a hedge against that. At times both the S&P and DOW were going against him. Anyone with a small acct and attempting to trade futures in it with one trade going massively againts you made for a very tough situation: trying to make up in S&P what was lost in the DOW. I am not going to speculate whether or not more $ was made on S&P than lost on the DOW but I will say that looking only at the s&p points is flat out of context IMO. M