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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (6289)	1/24/2000 8:01:00 PM
From: SpongeBrain	Respond to of 10293

No, I wasnt saying no thought goes into your trades. All I was saying is that if you keep averaging down your losing trades, you will get into big trouble sooner or later. As always, Enjoy Life, and god bless!

To: Bill Wexler who wrote (6289)	1/24/2000 8:10:00 PM
From: SpongeBrain	Respond to of 10293

These are my thoughts: 1) William Hammond, the genuis on SI, who has been long YHOO since 1997 (10000%!) has just sold it all. For me, his opinion means more than every idiot's wall st. analyst combined. 2) 3 rate hikes. 3) First time margin levels to mktcap ratio are at 1987 levels again. 4) The janitor in my office just put his life savings into QCOM and YHOO. 5) The regretful urge to 'hate dump' 100% my money into techs, to make up for lost time (ie: simply holding a tech/net for the last 5 years for a 1,000%-10,000% gain = retired) All these facts leads me to believe there is trouble brewing. I hold only a few ebrokers and some DSL stocks, all at or below their 200MA's.. I have shifted out of tech almost completely, and have missed a decent amt of the NAZ runup the last month or 2, but wasnt worth the risk for me. I still hold some oil stocks, and have bought some bigger biotechs until I learn a little more about the sector. Good luck, and most importantly, enjoy life!