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To: Dale Baker who wrote (12424)	11/28/1999 10:56:00 AM
From: Richard Tsang	Read Replies (1) \| Respond to of 118717

Welcome back, Dale. I have reduced some of my tech holdings. The Naz is up 100% from a year ago and I am a little worried that some of the high flyers will face correction soon, which will bring down the tech sector. I should say that Oct last year is not a good reference point as it was way oversold then. My portfolio for example, has appreciated 230% if compared to the low point in Oct last year. It only doubled if measured from 1/1/99. However, when looking back, and putting in a scenario that if I were just buy and hold, that growth would have been much better....but then I would not have had so much fun either. It may be time to hold some shorts in the QQQ or HHH as hedge or continue to unload and pay tax? Decision time. You seem to be quite upbeat about the market here, can you share some factors that support that view? Thanks. Rich