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To: Bill Harmond who wrote (71704)	8/4/1999 1:18:00 AM
From: GST	Read Replies (2) \| Respond to of 164684

William -- your idea of diversified is not normal -- your fifteen stocks are, I suspect, pretty strongly correlated because of your investment preferences. It sounds like you have a track record to be proud of -- don't be too proud to sell some and hold some cash. You just might get to play the ultimate dip. You are, at heart, an optimist and a trader (my impression) -- let it rip. Sell some and use that to re-enter -- even if it is only for a little while. Its not my place to say all this -- but if we were old friends it is what I would be telling you over a beer. Let me presume that in some parallel universe we would have at least been good for an hour of stock market banter and a good natured beer.

To: Bill Harmond who wrote (71704)	8/4/1999 1:57:00 AM
From: GST	Respond to of 164684

Wednesday August 4, 12:32 am Eastern Time Summers said world 'going to hell' in 1998--Mr Yen TOKYO, Aug 4 (Reuters) - How blunt does it get when top Japanese and U.S. financial officials go into a huddle over money matters? ''Eisuke, the world is going to hell, we've got to cooperate.'' According to Japan's then-top financial diplomat, that is what Lawrence Summers, then-U.S. deputy Treasury secretary, said in a memo to him last September when the Asian financial crisis had swamped Russia and was lapping at U.S. shores. In an article in both the Japanese and English-language editions of Wednesday's Yomiuri newspaper, Eisuke Sakakibara lays bare the blunt language of international finance officials usually masked by diplomatic formalities. Sakakibara, known during his tenure as ''Mr Yen'' for his sway over currency markets, also quotes Finance Minister Kiichi Miyazawa as giving his then-counterpart Robert Rubin a similarly straight-forward assessment of Japan's economy around the same time. ''We are in a shambles,'' Sakakibara quotes him as saying. ''In my opinion,'' Sakakibara writes, ''no other finance minister ever explained the economic situation in Japan in such a frank way.'' Sakakibara stepped down from his post on July 10 to become special adviser to the finance minister, while Summers ascended to the post of U.S. Treasury secretary a week earlier. The former Japanese official also used the article to expound on a favourite theme -- the coming ''virtual'' global economy. ''I am increasingly convinced that the next centre of capitalism will not be an actual city or region, but cyberspace,'' he says. ''These 'cybercapitalism' convulsions drove the world, including Japan, to the verge of a great depression in September and October of 1998,'' he added.

To: Bill Harmond who wrote (71704)	8/4/1999 12:43:00 PM
From: Lizzie Tudor	Respond to of 164684

Have you ever tried buying fifteen different issues at the bottom, and selling them at the top? I actually believe TA hurts ones ability to do this. Of course I don't do TA, lol. But if you take a fundamental approach to investing, the background noise will become apparent when TA and sentiment get so extreme that you should sell (or buy), it is noticable. Otoh those that read the tea leaves regularly tend to overreact to small things like every little downtick.