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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (15725)	2/13/2000 11:14:00 AM
From: Richard Tsang	Read Replies (1) of 118717

"My only suggestion given your great run so far is be prepared to bail on many positions that have been good to you should the market get really ugly for a while." Thanks, Dale. This is in my mind all the time. I even thought about liquidating it all together. This is very similar to my situation in mid 1997 and as I told you, all the gains were washed out by Oct 1997. The difference is I concentrated on a few stocks then. Furthermore, I am a much more experienced investor now. Learned a lot from this thread and SI. With the DOW officially in correction, I do have some concern about the market. Having said that, I also feel that when the correction in the DOW is over, the up trend will start and will add fuel to the fire in the small cap area. I think I mentioned here not long ago that I moved my 401k money with a 40% on RUT and 40% on growth, the remaining 20% in International. That has also paid off well. Anyone watched CNBC Business Center Friday night? It featured MMM with a 2 minute coverage. Very upbeat note. The analyst concluded by saying that it will hit new record high in the next couple months. I am very comfortable sitting on some April calls. I might add some 110 calls on Monday. Rich

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