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To: manohar kanuri who wrote (3147)	1/9/2000 1:37:00 PM
From: Netwit	Respond to of 6018

Okay--I'll jump back in again. I love all the viewpoints that TA brings up. And I love Malcolm's absolute unwavering convictions, Linda's raw courage and Jay's hilarious rules for the warrior. All of this is the spice of life. For years I poo-pooed TA as tea leaf reading as well. But then the day came when I saw that the evaluation of supply and demand for a stock is really the root of the issue of price appreciation. And TA is essentially all about analyzing supply and demand. The other very big point about TA is that most of it is about reversion to the mean. I think when it is put in this perspective none of it seems so far out. And as long as we are trying to understand the market, being a student of the market, it is good to be open to different ideas. Exploring ideas is never a waste of time really. And, putting more time into fundamental analysis on tech stocks will probably not increase your yield. I will say, and I think it's a funny thing, that using mechanical entry systems and mechanical stops has actually kept me in some stocks for a much longer period than I would have thought. It's interesting when you invest in JDSU on an intermediate trend basis and wait for the trend to change and it doesn't. It makes me look like a buy and hold investor. On the other hand take a stock like our lovely CMGI, which I am long on as well. CMGI goes up and down in fits and sputters. I rode CMGI up and rode it way down. I didn't start using mechanical chandelier stops (stops that are never adjusted downward) until CMGI's downward treck was well in progress. After I started using the stops, I just got stopped out at some point in its downhill treck. But when it started climbing again, I got back on board. And, no, I don't think I lost much of the upward action in the stock, and, yes, I wish I'd had my stops in place earlier on CMGI so that I wouldn't have been on board for all of that downhill ride. To me that money was dead money that would have served me better elsewhere. Different strokes for different folks. At the end of the day, it's what lets you sleep. But I do hope we all reach our financial goals whatever the route we take. And I thank everyone for their input. This is a truly remarkable board.