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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: KeepItSimple who wrote (59073)	1/18/2001 2:40:41 AM
From: Perspective	Read Replies (2) of 436258

For the time being, yes. I've made enough money thanks to remaining long the bubble up til 2000, and then turning net short. As long as I don't do anything stupid, I'm set. So, I'm going to sit on the sidelines plenty and wait for the no-brainers. Like the coming test of Naz 3K, if it happens. I don't know for sure that it will happen before the bear resumes, but if it does, it will be a high probability short. And tech stocks when Naz gets back down into the 1500 range. Don't know for sure if it happens, but if it does, it's a high-probability long. Wait for high probability events to stake positions. You may feel that the most likely direction for the market is up, but that probability here is only marginally above 50%. Wait for those 80%+ type entries and you might find that you get slightly better returns with tremendous reduction of exposure and risk. BC

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