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To: Jay Fisk who wrote (531)	2/7/1999 6:20:00 PM
From: ztect	Respond to of 1329

So you are going to increase your short position on upticks to 26..27....29?...depending on volume....then cover...depending possibly on "news" and panic sell...in the "low teens" say around 12 to 14? Is that a correct interpretation? Sounds like a strategy.....Now if the "news" whatever it may be...is a "block buster"....you'll only have to cover a small position higher....but if its the sell on news occurs or the news is all hype as you conjecture then....you may be in a position to profit substantially....from your increased short position... Again is this a correct representation of your strategy? Let me state I admire your analysis and your strategy as I've interpreted it....Let me also state that you have hitherto not used manipulative tactics or derision to justify your "small" short position....which is also to be commended. Do you have any thoughts about how high the price may go? Or do you think the upticks have just about tocked out? z