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To: Ron McKinnon who wrote (22846)	4/1/2000 1:32:00 PM
From: Ron McKinnon	Respond to of 53068

Gary Smith is the "T/A Master" on TSCM I read him every day, and like his style; always learn something from him the following was written on April 1st, so my guess is that it is a Fool's Joke still, make one think The Chartman Suffers Enormous Trading Losses By Gary B. Smith Special to TheStreet.com 4/1/00 12:25 AM ET Editor's Note: In lieu of the Technical Forum today, please read this brief message. Dear Readers, I never thought it would come to this. Honestly. But, due to the heavy losses I've sustained the past few days, I find I am physically and emotionally unable to continue writing my various columns. In the spirit of full disclosure, I will confess I was guilty of everything I told you readers not to do. I thought I was a better trader than I was. I got way overextended, using margin to its full extent. And I thought I could ride some of my losses down, in the hope they would rebound and put me back in the black. However, with the Nasdaq tanking this past Thursday, I was wiped out. Unable to meet my margin calls, my account has been liquidated, and I fear I will have to file for personal bankruptcy. I am sorry, loyal readers, if I have disappointed you. May your luck be better than mine! Regards, Gary B. Smith

To: Ron McKinnon who wrote (22846)	4/1/2000 1:50:00 PM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

this past week was a super one for trades (only if you took seasick pills) and a so-so to terrible one for holds, depending my sense is that the massive shift from the NASD to the DOW, from "new" to "old' may have about run its course the Dow made a super run from the 9700 lows to 11200, a 15% pop; then sat in a tight 10900-11200 range all week unless Monday brings in buyers it looks more down from here to me than up the NASD has done two swings: 4300 to 5100 back to 4500 up to 5050 and back 4400 my read is back up but this time it may not be straight up and fast like before so many have been burnt the bio's (BBH) ran from 130 in Jan up to 240, +85% in a month too much, too fast fell to 160, -33% did a double bottom this week bio's look up from here but again my read is not as high and much slower with a lot of backing and filling as always I'd stay with the top tier companies and leave the crap alone in my trading account, for the week I was up 13% 90+ plus from shorts am 66% short and 33% cash this weekend for my hold account I began a shift from "old" stuff and big cash to my initial leg ins in "new" stuff for the week I was down 1.1% or basically flat am: 34% cash 23% financials 4% bios 5% old tech 11% generals 4% misc 19% new tech leg ins hope this helps