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To: Mannie who wrote (15251)	4/19/2000 9:42:00 PM
From: Clappy	Respond to of 35685

Scott Mantz, I must have written it different than what I meant... You wrote:You point out one of the toughest decisions there is when you sell out of the market....where the heck do you get back in? I just stay the course, almost always 100% in. Calls for believing in the long term potential of your holdings, and having a steel gut though. Will you be headed to Hot 'Lanta? I just meant that I didn't buy EMLX today and I sold some of my holdings starting yesterday at the end of the bull run and some this morning. I'm still 60% invested. I'm looking for one of two things. Either The NASDAQ tests the recent bottom or we break out above the upper trendline. Either signal will put me back into the market 100%. I made a mistake two weeks ago that I'm currently trying make up on. (Actually there were several mistakes I made.) Here's the Reader's Digest (condensed) Version: I had gotten caught away from my PC when the Naz made it's 1st major nosedive two weeks ago. My wife had called me and told me the markets were crashing. Out of panic (and to be safe) I told her to sell everything. This was near bottom and the market bounced back up that same day well off the point where we had sold everything. I then bought back in partially and we then continued the slide downward. Last Friday I used my remaining funds to buy at the end of the massive fall. Monday and Tuesday were great and I actually made some money for a change. However, I've pared off some of my big 2 day winners now, in attempt to see which direction the Naz will head. If she heads down, I'll be waiting to buy around the recent low. If she goes up, I'll be ready to buy at the signs of a break out. I'm just trying to use educated guesses to correct my mistakes. One thing I promised myself after the great fall is that I will always try to have some money on the side for occasions where the market corrects like this. Once the Naz shows the clear signs of recovery, I'll shift back into a LTB&H for the large part of my portfolio. The rest of it I plan on using Voltaire's method of writing covered calls on ATM Gorilla Candidates who have high premiums. The goal is to average 6%-7% monthly returns and compound it. If this can be done effectively, it will take only a few years for the snowballing effect to begin. I believe it takes a monthly compounded average of 7%, a total of 6 years, for each initial $8,000 to reach $1,000,000. I figure, I'll give it a try. I'll be using the equivilent of one stock investment. Instead of buying and holding, I'll use it as a vehicle to earn phenominal interest rates each month. This month, with GSTRF covered, I'm starting out with ~13%. Next month, I could possibly make much less if the price is low. Averaged out over a year, hopefully it will average out higher than 7%. We'll see. Back to your other question: I don't think I'll be able to attend the Atlanta Porch Meeting. I would really love to. I took a long vacation at Christmas time, and we have been very busy at work since then. Business is good. I couldn't afford the time away. Besides, I wouldn't have to keep Dealer all tied up baby sitting my kids while we all went out golfing... :^) I'll have to wait for the next Porch Reunion either in Florida or in the North East. I can't wait to see the pictures. -Clappy