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To: Edwin S. Fujinaka who wrote (2675)	12/10/1999 4:58:00 PM
From: Seeker of Truth	Respond to of 6018

Edwin, your remarks are very interesting. We all need peace of mind otherwise 1. Our regular work will go to pieces. 2. We will sell at bottoms out of panic. Peace of mind may cost something, as insurance does. But the final outcome is great. So on one hand as you say, Jay will regret not having kept all his softbank. On the other hand he won't give it cheaply to somebody as a result of owning too much. In the end it's win(peace of mind) and win(on the major holding).

To: Edwin S. Fujinaka who wrote (2675)	12/10/1999 6:21:00 PM
From: TobagoJack	Read Replies (2) \| Respond to of 6018

Hi Edwin-san (some folks corrected me on my previous spelling of san), I was wondering when you were going to (and where is Mact) say something about my repeating the mistake of selling sftbf (though in exceedingly limited quantity, as it will probably be a mistake even selling 20%). Malcolm is spot on the psychology: win-win and no panic when tested on any slide. Additionally, game theory logic rules that I ought to put myself in a position where I can afford to be wrong while other players are betting the shop. The game must be played to be not lost. Corollary to Malcolm's comments concerning not panicing on the way down (if it ever comes), the lightening up on sftbf and others, along with outright sell out of other shares, enables me to be braver in other trading situations of extreme short durations. Last night I just bought back the VERT April Put 100 at 14.625. These puts were sold by me a few days back at 24.5. Nope, I am still on the dance floor and the music is loud. I am just a bit closer to the fire exit, beyond which my metaphoric Audi TT is parked with engine revving. You are right about the fun discussion though, and I am prepared to be wrong about this one.