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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (24015)	4/14/2000 11:02:00 PM
From: Trevor Blake	Read Replies (1) \| Respond to of 57584

For everyone Please forgive a moment's indulgence, but this is pertinent at times like this. This board and the integrity of the leaders bring these words to life. If you can keep your head when all about you Are loosing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too: If you can wait and not be tired by waiting, Or being lied about, don?t deal in lies, Or being hated don?t give way to hating, And yet don?t look too good, nor talk too wise; If you can dream -- and not make dreams your master; If you can think -- and not make thoughts your aim, If you can meet with Triumph and Disaster And treat those two impostors just the same: If you can bear to hear the truth you?ve spoken Twisted by knaves to make a trap for fools, Or watch the things you gave your life to, broken And stoop and build ?em up with warn-out tools; If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss, And lose, and start again at your beginnings, And never breathe a word about your loss: If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you Except the Will which says to them: ?Hold on!? If you can talk with crowds and keep your virtue, Or walk with kings -- nor lose the common touch, If neither foes nor loving friends can hurt you, If all men count with you, but none too much: If you can fill the unforgiving minute With sixty seconds? worth of distance run, Yours is the earth and everything that?s in it, And -- which is more -- you?ll be a Man, my son! Rudyard kipling

To: Rande Is who wrote (24015)	4/15/2000 1:25:00 AM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Best advice to everyone - have strength, wait this out and let it pass. Or buy into the panic selling whenever it seems absurd. Forget about Monday unless you have a margin call or want to buy more. Within a week or two the bounce from here should be dramatic. And this April sell-off has taken all the wind out of the usual May sell-off. So the seasonal risk is no longer a big factor. Two Octobers ago there was a big crash day. I got a margin crunch. I sold a few I wasn't hot on anymore and loaded up on CIEN at $8. Two months later I sold it at $25. If I hadn't had to sell anything I would have made 200% on my entire portfolio within a month or so. Not saying we're going back up like that now but the lesson I learned was just don't sell at the bottom of a crash. Buy. All the way if you have to. Then just wait. Unless you want to sell something and buy something you like better, especially near the end of the year when you can get a tax loss. The other lesson I've now learned is sell EVERYTHING at what you think might be the market top. Sell it all, be patient and don't get back until a day like today. That is the key to riches. Just damn hard to accomplish. Another aspect to look at. What stocks are still vulnerable? CPQ at $24 near it's lows of the last year or CIEN still 1200% higher than it was 18 months ago? A company like CPQ with 5 billion in cash and the Alta Vista IPO coming out soon should be the safest kind of buy now. If CIEN misses a quarter look out below. Especially in this environment. If CPQ misses it's already at its yearly low so where's it going to go? Back to $19? I sincerely doubt it. Lots of fear, loathing, doom and gloom on the boards tonight. I'm trying to give the other perspective, that the world doesn't end on Monday for most of us. And there is plenty of money to be made fomr these levels. depressing as hell drops this past week but we can onoly look forward. Forward is the only direction there ever is. And I frankly don't think we're in for a recession unless Greenspan and a lot of other powerful people want to cause it. And I don't think they do.