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Strategies & Market Trends : Rainier's Column

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To: kjhwang who wrote (61)	4/17/2000 2:36:00 AM
From: HeyRainier	of 106

<<It must be nice to be in all cash during this event...>> I still have a chance to look pretty dumb, however, if my planned strategies for this week fail. The cash position, believe it or not, wasn't entirely a market call. I don't consider myself a market timer (not like bozos like Garzarelli<sp?>), but the position had resulted naturally due to my portfolio selection process. As the excesses neared, I found fewer issues I was willing to own. For the past three months, I had accelerated my trading significantly, and to anyone who asked why, I had mentioned my distaste for longer term ownership given current circumstances. Maybe the time will near when I can hold onto an issue longer term without having to worry about bubble-fed irrational prices. Good luck this week. It will certainly be interesting if not fun. Futures are softer going into Monday--S&P off 20 and Nasdaq off 77 as of this moment. Rainier

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