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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: LindyBill who wrote (34578)	11/13/2000 1:43:15 AM
From: LindyBill	Read Replies (5) of 54805

I have had several PMs about what I am going to do. The answer is: Stand Pat! After a lot of thought over the weekend, I have changed my mind. The first thing for those of you reading this to remember is, I am in a 401 account. MY DECISION HAS NO TAX CONSEQUENCES! My thinking is as follows: 1) We will remain in this Bear market until the political situation is clarified. That will not be before this weekend, if then. I see no sustainable upside until this is settled. 2) Therefore, the best I can expect is that my portfolio will not go down any more than it has. 3) I have just taken a 20% haircut, and I could easily do the same again this week. 4) I find that all of this is causing me more worry than it ever has before. I see no immediate upside, and a lot of potential downside. So I have placed orders to sell my positions at the market Monday morning and go to all cash for now. I have no way to know if the market will open up or down Monday, and I am not going to try to play games and time it. I am out for now. I have just got rid of a lot of worry, and will sleep better.

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