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To: Sam Citron who wrote (101000)	4/15/2000 9:46:00 AM
From: re3	Read Replies (2) \| Respond to of 164684

i do think that few really listen to someone else. i've watched people at discount brokerages who hang around there all day. they talk AT each other... i remember one of our steel companies , stelco was down to a buck...this stock was worth several dollars, maybe double digits...certainly it was a risky turnaround type situation but steel itself wasn't going away anytime soon. did i toss a grand into it for a thousand shares ? of course not. it went up to ten or so in the year or two after. we've all seen situations where we've 'flipped the bird' at a sector or stock. then we gasp when they go up by 10 x...so again, i'll suggest, buy a thousand shares of DROOY, or GSR (on the amex) or a couple hundred of GOLD or HGMCY (all on the nasdaq) and forget about them... talk to you later.

To: Sam Citron who wrote (101000)	4/15/2000 10:28:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>No question that hedging strategies are extremely useful tools. Sam, I agree. A case in point. I still like Msft but was concerned about this market...so what did I do?...called Goldman and told them to match all my long shares with new short shares. Yeah! I wouldn't have made a dime if Msft had gone up...but it didn't...what have I accomplished? I haven't lost a dime. Some people think hedging has a negative connotation! To me...I call it nothing but insurance. Bet you $100 bucks there's a few out there... Who wished they'd got a little insurance on the stocks they still like, but didn't what to sell them.