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To: Jeffry K. Smith who wrote (7864)	5/25/2000 10:02:00 AM
From: edamo	Read Replies (2) \| Respond to of 8096

jeff....if you are sitting on your hands, you have learned, especially if you have preserved capital... not losing money is more important then making money.... no need to go out and enter a fray which is difficult to win....wait until the momentum is on your side, it makes the risk/reward a bit more palatable. only the foolish try to trade long in a short market. watch volume....if a confirmation of yesterday late strength fails to appear by next week, then stay on your hands..... technicals, charts, whatever are not in play at the moment...they apply a bit better in an orderly directional market....

To: Jeffry K. Smith who wrote (7864)	5/25/2000 10:14:00 AM
From: SecularBull	Respond to of 8096

Jeff, ed's most recent post to you does show that he has the ability to share his knowledge in a civil manner without taking shots at people. I know he has it in him. There is much to learn from him as long as you remember your place. Ask questions only, and never disagree (in all sincerity). Good Luck and Good Investing, LoF

To: Jeffry K. Smith who wrote (7864)	5/25/2000 12:11:00 PM
From: Tom K.	Read Replies (1) \| Respond to of 8096

...If there is something I can learn or study as to how to make money in this type of market, I am all ears.... If you truly want to make money in the market, you need to go with the market..... don't bet against it. If it's heading up, use bullish strategies, if heading down, switch to bearish strategies..... I know, I know... easier said then done. The important think is to not get out of synch and use strategies that don't match the market. Best to sit out in those cases where you don't feel it is clear. Market's been bearish for several months..... however, contrary to what I just said, at these low prices some conservative short PUTs may be OK. I did some June 40 QLGC this a.m. as that seemed like a reasonable price to pick up those shares if I have to..... prefer an expiration. Tom