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To: IngotWeTrust who wrote (47484)	1/25/2000 11:51:00 PM
From: Rarebird	Respond to of 116762

In life, I don't think there are ever any guarantees, except Death. How could there be if Change is the Reality? During the crash of 1987, I was 80% in cash and 20% short. These days, I try to keep myself about 20% long, 30% short and 50% in cash. I rarely keep a position longer than 2 weeks. I'm very bearish fundamentally speaking. But I'm bullish technically. I have no choice but to respect the cash inflows that come into this market. I won't fight that anymore. I gave that up at the end of October. I had to make a big adjustment playing the long side of this market. I was always very value oriented in my early days of investing. I still am by instinct. I have allowed myself over the last 3 months to trade mostly on technicals if the company has little debt and good cash flow. It has not been easy taking a position in some of these tech stocks like LRCX, LSSC, KLIC, AMKR or even PUMA, where I use and know their technology very well, given my fundamental bearish position. I'm sort of a split personality when it comes to the stock market these days. Lately, I've been shying away from technology and going with more value oriented plays with good fundamentals. But I'm still very bearish fundamentally speaking and I do short. But I will not allow the fundamentals to be the prime determinant in the stocks I select on the long side.