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To: Dealer who wrote (14242)4/16/2000 11:26:00 PM
From: invictus  Respond to of 35685
 
Hey dealer...thanks for checking...I was joking about vein thing...I took a huge hit on my net worth like everybody else but am fine...I really don't get worked up like some of the other folks...

I've been trading for about 30 years...was into commodities during the 70's when those markets behaved like the tech stocks....

I had no margin and pre paid most of my taxes...my call positions on JDSU are all in September...

I hope you are OK...I'll give you my spin (since everyone else is):

there is a lot of money on the sidelines just waiting to jump in...the houses don't want to market to implode...however the bears were definitely in control last week...I think the week will probably start off down then there will be "some event" which will trigger a bounce up...then we will have a choppy market until the dust settles...say 30 - 60 days and then upward...my favorites:QCOM, JDSU, INTC, NT

bought a bunch of RNWK...don't feel as confident about it

I'm not going to cover any current postions after Thursday...don't see any sense in it...if I cover at the current price, I just lock myself into a losing position

I agree with rr5 comments on most everything....watch him pull about 5 million bucks out this market in the next 6 months...I've seen him do it

the people who will win in this market are the ones who manage there money wisely (e.g. no margin) and control the two monkeys we all have on our backs namely fear and greed...

good luck...

EJ