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

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To: Monty Lenard who wrote (90189)	4/5/2001 3:23:10 AM
From: chic_hearne	Read Replies (1) of 436258

Hi Monty, I'm covering the other half of my Crisco short tomorrow. I'm doing a market buy at the open. [or close to it, maybe I'll put in a limit, depending on how the open looks].... It's not single digits, but it's close enough for government work, so it's close enough for me.... I don't know what to do anymore? All the stocks I said would be in single digits are almost there. Not that we're close to a bottom or anything. Lot's of trash (including Crisco) still need a good halving. That would hit my Naz target. But the law of tiny numbers makes the moves violent. Too much for me. I'm on to DOW trash. Looking for a good halving there, where there's still big numbers to play with. MMM, etc, I mean come on??? Plus DOW doesn't bounce as much and this volitility is taxing on someone with a timeframe of more than a week. The fear of that 40% retracement rally that's never developed has already taken a few years off my life. Mostly going cash here. I'm content with catching the brunt of the down move in the DUNG. Of course there's more to go, but only if you're a real gambler. I'm not betting big on DOW or the general market here. I feel tight just sitting in the shade watching the action develop. You know that last 8th is the hardest to catch. I'd feel a hell of a lot better if I "knew" we were headed for a severe recession or if I "knew" a soft landing was already in place. Times of uncertainty are best left to experts. I'm going physical cash and gold with a decent chunk. Another chunk will be bonds, low risk low return style. With the remaining 10-20% or so I plan to gamble a little. I'm going to play it conservative and try to play what I think I can make work. We'll see how good my dicipline is. -ggg- chic

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