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To: Nichols who wrote (10303)5/18/2000 4:28:00 PM
From: t2  Respond to of 24042
 
Nichols, I don't blame you for being grouchy. I had lots of periods of times with big declines but they were always followed by bigger gains. I am trying not to let the short term declines upset me (but it is hard)since I feel confident that by year end we rally big.

So far we had about 1 1/2 months of the selloff. That duration is not that unusual. It is frusterating people (like you and me) and that can't be a bad thing looking forward on the market. Just means many are close to throwing in the towel or have done so already.
I remember October 1998 very well.

My point is that if one is just patient and only holding stock, there is really not much of a problem. Just don't get very aggressive (maximum margin) unless one has protective puts.



To: Nichols who wrote (10303)5/18/2000 4:56:00 PM
From: Hank Stamper  Read Replies (1) | Respond to of 24042
 
My 2c:

If we have a successful test of the naz lows we may reasonably expect a counter-trend rally that could very well have some significant upside to it (20% or more). There's your selling opportunity. Course, it would be hard to sell then, because the frog choir, accompanied by a brass band, will be croaking out another version of "happy days are here again."

(I don't really intend this to sound sarcastic. I just could not resist the images.)

With all good wishes,
David Todtman