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To: Noneyet who wrote (4610)	1/21/1999 12:18:00 PM
From: James F. Hopkins	Respond to of 29970

Tom; It appears you have the idea I'm a perma short, maybe from a few post, but that's not the case, I use to lean that way, but have for some time been going long, thing is I trade, I don't invest. You found the posts you were looking to find, I think most of us tend to see and hunt up what we want to see. If this fall is causing you pain your in the wrong sector. Right now I can't and don't know any one who can get shares of the internuts to short. Also I don't believe 10% of the stuff on SI so if I see someone saying they are short ( other than options) I will tend to think they are just talking. More recently I'v found a back door and can play the sector via a basket, but the way I do that I don't intend to divulge on a public thread. I do believe that people who predict that one of these will out do all the others don't have any idea of what's going on, and I'm convinced baskets are the way to go. The best I could do was short the MDY 3 days ago, but that will soon change. Early in the game the option premiums were about 1/5th of what they are now, options are now a real rip off either way you play them on internuts, as demand has gotten so high on both sides of the street and the waters are full of sharks. Sooner or later there will be a BRE-X in this sector, and when it happens even the honest Cos will suffer for it. At this time it seems you can blame the stock exchanges, and the brokers for playing ball , and changing the margin requirements with out due notice for the down turn, I'm most sure that all shorts other than the Specialist, and Market Makers have been called in. So don't think it's shorts causing this, it's not. So far today the sector is down another 4.75% , only two in it are up. By the end of the day the Sector will have droped 20% in 3 days, thank your broker, and goldman and some of the real sharks. Jim