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To: Dale Baker who wrote (14710)	1/18/2000 8:33:00 AM
From: darline cook	Read Replies (1) \| Respond to of 118717

I scanned about 40 charts last night but i am new to charting-The ones that looked most interesting were PXLT, maybe too late to enter that one. CNXT Looked great but already moved also. ADSX looked to be pinching but could go either way. ELTX same as ADSX. AZTClooked to have potential. PSFT lookded like a easy increase to 30,s. I am new to charting and was thinking of buying one of theese today and would love an opinion from someone more experinced with charts. And of course i am open to researching any ohter stocks Sincerly, Darline

To: Dale Baker who wrote (14710)	1/18/2000 2:25:00 PM
From: Steeliejim	Respond to of 118717

As long as we are confessing, I did very well in 99 and 2000 is starting out well, but... 98 was a disaster. I was doing well until July 98 when the market went into its summer slump. Frankly, I was a random picker at the time. I hadn't followed my info. and intuition to get into IOM and PMTC when they were in their big growth phases so I thought I'd make up for lost time by getting in "the next big thing" before it got big. I picked ANIK, a co. which sells something called Orthovisc which is injected into the knees to relieve arthritis. Its competitor BXM already had FDA approval for its similar Synvisc so ANIK should have a slam dunk. Right? Wrong! In July, ANIK announced that the FDA was delaying approval so ANIK could provide more data. Uh Oh. In Oct. the FDA denied approval. ANIK lost 2/3 of its value. Some poor devils are still holding. As long time readers here know, I typically make a big bet (for me anyway) when I decide I like a co. I figure if I'm right more than I'm wrong, I should maximize my returns on the winners. I still like to do that, at least for ST trades, although I'm learning, thanks to Dale to spread out my investments a bit more. I hadn't learned learned a couple of important lessons at the time. 1. Limit your losses. Period. Set a hard (or mental stop, and stick to it.) 2. (Which is actually related to 1.), When management stumbles, it's often sign of things being even worse than stated. The July ANIK stumble was a harbinger of things to come. Anyway, those positions in ANIK cost me into the mid-5 figures. Some poor devils are still hanging on to ANIK. I figured if I didn't get out and get back on a different horse again, I would spend a lengthy and unhealthy period of time, agonizing over my mistake. It hasn't been my last mistake to be sure, but I have done far better than just hanging on and hoping that ANIK will do better next time around. It is important to learn from the experience and use it to your advantage the next time out rather than quitting. This board is a great way to get an overall view of the investing world, ST and LT opportunities and links to investing info. I know it has helped me immensely. Another important attribute--The people here are people that would be good to have as friends. Jim