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To: Jim Willie CB who wrote (20359)	5/26/2000 1:17:00 PM
From: RR	Read Replies (1) \| Respond to of 35685

Rocketman and Jim Willie, regarding the discussion about staying invested.... for years I have stayed fully invested. I mean fully. No cash on hand at all. If I needed cash or saw a better deal to buy, I'd close a position, take my profit and plow it right back into a new position. My friends thought I was nuts. I turned my portfolio over more in one month than most do in a lifetime most likely. I would not necessarily suggest that style on anyone. However, my style worked super for me, and still does. Have had friends that are conservative, with lots of cash on hand at all times and they beat the socks off of others who were more in the market. Cash is nice. I prefer not to sit it out. I like being aggressive. Each has to find their own niche of course. Rick

To: Jim Willie CB who wrote (20359)	5/27/2000 4:01:00 AM
From: Dr. David Gleitman	Read Replies (1) \| Respond to of 35685

Good morning JW: Read your post re: your psychologist friend and your reposnse to the question of feeling that you might be missing out on something. Interesting that I have had those same feelings. I may be wrong, but it seems to me that seasoned traders tend to be more conservative with regards to capital preservation. They know when to trade and when to keep away from the market. Analogous to going to a casino, and wanting to play for the sake of playing. Having the benefit of hindsight with market uncertainty, we should have stayed on the sidelines and let the smoke clear before "reinvesting". I use investing term loosely, because this is nothing more then a glamorized OTB. People who talk "fundamentals" should realize that this is as transient as the momentum players allow it to be. Yet we keep on playing it and watch ourselves implode. You are right. We have to become introspecive and question our needs and motivations when entering this casino. regards, David