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To: Jan Crawley who wrote (7976)	2/24/2004 12:00:52 PM
From: Return to Sender	Read Replies (2) \| Respond to of 13403

OT: I'm not totally convinced we have a bottom in place here for the SMH but I am 90% convinced that we are in that process. I wanted to free up some more cash for long positions. I'm not sure MU would be one of those I would like to be holding long now but it is a stock that typically makes its large percentage move higher at the end of a semiconductor cycle. Whether we are there or not is a subject we have all been debating. I'm shopping for stocks to buy. I just wish the total put to call ratio and VIX/VXO would pop up here and help put in a good short term bottom. So far that's not really happening. RtS