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To: drsvelte who wrote (1377)	7/29/1998 11:16:00 AM
From: Thean	Read Replies (2) \| Respond to of 14427

Shelia and Doc, Hope you guys are not blindly following me with the ICOS short. <gg> I shorted it at the open at 22 1/2 and sold FGII at 23. I will not want to play FGII or any driller long for a while here since oil is going to be under pressure from here on out and the overall market is tanking day by day. Hope we do better with ICOS than that evil tower. Where would I buy back? I would start putting in a buy-to-cover now that I have a profit. With the market sliding, ICOS will go daily lower low but we should anticipate some possible surprises any day as these development biotech can announce new alliance, completion of a key phase study, initiation of a new study, obtain more funding, new writeup etc. that can spike up its price. ICOS is basically a viagra wanna-be play otherwise its fair price should be in the mid-teens. However, I would definintely place a stop loss buy to cover when it reaches below $20. SRCM tanked again today - Doc, I guess you are staying away from this one as well due to unpredictability of this stock. Anyone knows when Monica will appear to testify? The US market should be under pressure till that day. Also, if Clinton is forced to testify under grand jury, roughly when will that be? A month, a year, after he is out of office? LT - guess my decision not to short PIXR was again a right call, at least for this morning. The double bug story being a negative is really not something new and this is priced into the stock many times over. bw is right in that this is more of a Steve Job play and as his popularity rises, so rise his baby PIXR. The most likely way PIXR will tank is when the overall tank and PIXR got dragged down together. I think Steve Job is something like an anti-christ to Bill Gates in the tech arena. One has to choose between one of them for loyalty, admiration, worship and sacrificial offering. <gg>