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To: hdrjr who wrote (47593)	7/8/1999 5:13:00 PM
From: Think4Yourself	Respond to of 95453

It has been proven time and again that the buy and hold strategy beats the trading strategy in the long run. Just look at all of the failed day traders. I switched strategies to buy and hold last year and can say for a fact that it is better for me. The less I trade the better I do. Hard to resist the temptation though!

To: hdrjr who wrote (47593)	7/8/1999 5:21:00 PM
From: double-plus-good	Read Replies (1) \| Respond to of 95453

hdr, that pattern is very familiar. on wednesday last week we gapped up on the api report then settled a bit into the gap and had a furious bout of buying into the close. then we drifted lower into the next api yesterday. i would look for a repeat of that pattern. the downside risk, and buying opportunity IMO, is likely to come from an unexpectedly bearish api report or reports of opec cheating. something like that could take the osx from the mid 70's down into the 60's IMO. fwiw, i also left money on the table with some badly timed trades last week. selling sept calls at this point may also prove to have been poor timing. i remain very long, however. am just trying to squeeze a little mileage out of these swings. good luck, ++g