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Non-Tech : Invest / LTD

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To: Broken_Clock who wrote (1097)	7/16/1998 6:51:00 AM
From: Thean	Read Replies (4) of 14427

Papaya, I sense you are feeling the need to be invested in something. Stop! Take a hold of yourself and go outside for a walk. Tell yourself it is OK to be on the sideline even if everything flies by in a hurry. It is OK not to take 50:50 chance. Cramer is probably right in his article, except he does not tell you when the things will come to be crushing halt. LT is probably right in that the crushing halt will come but he can't tell you when either. If you go out and short MU, the risk is pretty high it may crack $33 and go to $40 in 2 weeks. If you go long VTS, it may not penetrate $36 and go to $25 in 2 weeks. They may also win you a lot of money on the other side of the 50:50. Way too uncertain, and I'm not interested yet. Take MU for example, if after 2 weeks and we are pass the mid point of the earning season and the overall earning still stinks, and MU has a hard time cracking $33, then I may go Put MU. Not today. Oil has dropped below $14.80 overnight and I'll be careful about those drillers if oil drops further. Of course DO and EVI earnings will have a lot to do with the early trend but I may sell all at the open if the going gets too good.

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