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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Shea who wrote (10740)	8/12/1999 11:20:00 PM
From: Daniel Mack	Respond to of 57584

OT- Kevin, the truth of the matter is I have been doing very little trading as of late. I have been 80% cash for the past 2-1/2 weeks and playing quite a bit of golf. <smirk> My trading has been limited to stocks that I know extremely well, basically no brainers like ARTT in the low 8's. It was a win-win as a trade or as a long hold.This weekend I am going to make my wish list of stocks to purchase before Aug 24th. Today surprised me a bit and almost got me back into the market prematurely. In the end I decided to stick with my plan and wait for another week, or so, as I just don't feel like we have seen the bottom yet. I could be wrong but that is what my gut is telling me. I have dabbled in gold and oil (AU), (PKD)as well but with very small positions ,which honestly shows my lack of conviction and was obviously a mistake not to have larger positions in retrospect. I have only been doing this for 1yr. and decided to mostly sit on the sidelines during this down draft rather than take positions in areas that I am not all that knowledgeable in. Simply put 'Preservation of Capital'in it's most simple form. Thanks for your insight it is greatly appreciated. I hope to contribute more in the near future. Regards, Daniel Mack