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To: shamsaee who wrote (21616)	6/6/2000 8:31:00 AM
From: lurqer	Read Replies (1) \| Respond to of 35685

I never claimed the end of a secular bull market. I'm sorry if my poor wording implied you did. That was not my intent. have read Dent's last book,but then again nothing is to be taken as gospel Amen to that. Since I had no way of knowing if you were familiar with Dent's work, I was merely trying to call it to your attention. one should minimize his risk I personally work on this - i.e. I haven't solved it, still just working on it. For me risk has many different facets. There is the risk in a LTB&H strategy that the secular bull will end. Within a secular bull if you don't use margin, you "risk" falling far short of you profit potential (either in dollar amount or years to achieve a goal); if you do, you risk losing "big time" in a downdraft. The best I've come up with so far is that risk in both degree and character is constantly varying and so should be one's response. While the profits are seductive, I view the market as being dangerously fickle where only the wary survive. take some profits at points that are extremes and keep some cash on the sidelines Your approach (while different than mine) is (IMO) far superior to the all too common "I'll just stay invested and hope for the best" that is exhibited on SI and elsewhere. My only advice would be to view your approach not as a solution, but as a step in a journey. JMHO as everyone must find that which works for them. will probably look at some exit targets of some holdings if the Nasdaq can get to 4200/4300 I don't have a very strongly held opinion on whether the Naz will make it that high on the current leg up. I'm not as positive as some currently are on the monetary picture, although I'd be happy to be convinced. What's causing the most concern for me is some of my sentiment readings. Net net, I'll just say "take care". In any event, best o' luck to you and may we all prosper. Hanging around... lurqer