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To: SliderOnTheBlack who wrote (51150)	9/15/1999 9:08:00 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

The "rising tide" saying should really be: "A rising tide lifts all boats, but boats with holes in them don't rise as fast, and can still sink (and hopefully the rising tide isn't being caused by the arrival of a class 5 hurricane ;-) )." I REALLY liked the following paragraph from that article: "This is a time to be a stock picker; and to perhaps not have as broadly a diversified portfolio as one might normally have.It is also a time to look at the companies & stocks that are under the Institutional Radar Screens for the most part - the small caps. There are valuation anomalies here; as well as stocks that have dramatically rising fundamentals, or individual event driven stories; those are the stocks to own in times like these; and owning them here, will open up dramatic opportunity later when the OSX enters it's fundamental sweetspot of ownership & trading."

To: SliderOnTheBlack who wrote (51150)	9/15/1999 9:18:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 95453

<<You have major forces behind the money flows in the OSX here talking about locking in gains, not putting new money into the OSX etc.>> I have no idea where the OSX is heading, and it has been looking a bit overbought (at least the index and some issues). But consider the comments by these fund managers to the effect that they intend to start selling to lock in some profits. Why would these fund managers publicize that they are going to sell? If we assume they are being honest, aren't their comments going to put pressure on prices so that they get less when they sell their shares? If that is the case, aren't these some of the dumbest people around. More importantly, do I want to be following the moves of some of the dumbest people around? Of course, there is always the chance that they are not being honest. I'm not in a position to determine that, so, for all intents and purposes, I ignore the "noise."