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To: Venkie who wrote (26856)	7/28/2000 11:35:25 AM
From: Eski	Read Replies (1) \| Respond to of 35685

Good Move Venkie I have done the same. Those with higher market predictions will be in for a rude awakening.

To: Venkie who wrote (26856)	7/28/2000 12:33:55 PM
From: im a survivor	Read Replies (3) \| Respond to of 35685

Venkie, They always say, never sell on the way down...thst when you should be buying. In fact, Tom and many others preach to buy, buy, buy when the market is doing this. And honestly, if you have a large amount of capital and no margin, this may be a good idea. As long as you can keep buying as the market goes down, it doesnt really matter how far down it goes...as long as it eventually comes back. Well, if your limited in your funds, and/or on margin, it is very tough to not sell in this market condition. In april, or whenever this last huge crash was, I was sitting soooo very pretty before it happened. Then after the naz went from above 5000 down to 4500 - I bought and bought. Then at 4200 I figured well, this must really be the bottom so I kept on buying. Then at 3800, almost wiped out, I figured "this must really be bottom", so I took one final splurge expecting a nice recovery. Instead, fully on margin, the market tanked to 3200. What I learned from this is if your Tom or RR or some of these other folks with large sums of capital, it is much easier to not only ride out this downward shit, but also take advantage of it. Me, well, if I keep adding at these levels, I do nothing but go further out on margin. If I hold and dont sell, I risk the market continuing downward and then maybe being forced to sell. I dont know if you read my post about my aunt ripping off my bonds ( she stole between $75k and $100k From me ), but When she said she overnighted them to me, I went ahead and bought a bunch of stock..on margin...figuring, I would make a deposit to clear out that margin. Well, the bonds are gone, the stocks I bought are all getting creamed, and the market turned real ugly today. It may go up tomorrow and never look back, but for a small fish like me ( what sucks is I used to be a large fish...just a few months ago...now I am a small minnow in the pond )I had no choice but to sell some shit today. I hated doing it, but I bought back my CC I wrote on jdsu...got 10 5/8 for just a few days ago...bought it back for $1 and sold the stock at $122 which is what I paid for it. I hated doing this, as I love jdsu, but I locked in $1000 profit, cleared out some margin and then immediately bailed on elon at $34 1/2. I hated doing it....heck most are probably buying at this price, but damn, this margin will get you every time, and most of all this market looks very, very sick. Anyway, enough rambling......I hated selling today, but my luck, recent circumstances and the market not cooperating, forced me to sell before last april happens all over again. I sure hope to get back in jdsu ( well I still hold 100 shares covered with jan 170's ) if it drops to $100, but with my luck, it will go straight up from here.....I did hold my RNWK...hesitangly....but covered with Aug $40's for $4 1/8 Have a good one... keith@lifesucksbuti'mtryingtohanginthere.com