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To: TARADO96 who wrote (27005)	7/29/2000 11:12:01 AM
From: Venkie	Read Replies (1) \| Respond to of 35685

Very good post I to am waiting for the 3300/3200/3100 range to start taking positions...of course I will look around me to see which way the wind is blowing.It will be difficult to catch the exact bottom as it is to know he top.If I can come some where close then another double my money in a flash is clearly possible.I hv been around long enuf to step up to the plate when everyone is headed from the door. Aprils lows caught me off guard and I paid the price but I eventually learn from my mistakes.We get caught up in the hooplah of getting rich quick that we can't see the forrest from the trees. Its the American dream The old days of trading hv changed and we either change with it are drown.We are swimming in shark infested waters<house's> and if we don't learn swimming lessons then we drown. I hv a shopping list of the greatest companies in the world and I believe with all my heart and money that we are going down hard b4 we go up much.If I am wrong then so be it.I hv had a great yr and I am still a winner. I went 95 % cash yesterday...and most of my holdings weren't feeling the effects from this wks 10% correction.The best are always the last to really fall because its that old buying opp bullshit ...over and over.Insanity is repeating the same mistakes over and over expecting a different result..To hell with the taxman..I don't tell my job to hold my ck because I can't stand paying tax's. Buy low and sell high is teh game plan to make money in this mkt. I had to look the truth in the face and do what I think is right..I can't remember the name but there was a lady who sold everything she own the day b4 the 1929 crash and everyone thought she was fool who just got spooked ...Needless to say when the buying opp came ...she was DA Queen and I am sure that her family reaped the rewards for generations to come.Following a herd of sheep to slaughter is the normal way of mkt reactions because misery loves company. If I loose then I hv only me to blame and I hv lost a few...baaaaa baaaaaa baaaaa...no more Good Luck and I will see you at 3300...I won't go for the sucker rallies or herd mentallity...I will be the one SCREAMING YHOOOOOOOOOOOOOOOO...LET HER RIP BOYS

To: TARADO96 who wrote (27005)	7/29/2000 1:21:51 PM
From: bela_ghoulashi	Read Replies (1) \| Respond to of 35685

A somewhat different and more optimistic view. Worth considering. moneycentral.msn.com

To: TARADO96 who wrote (27005)	7/30/2000 9:22:41 AM
From: im a survivor	Read Replies (1) \| Respond to of 35685

<<I still believe we will have a great year-end rally for which this recent nasty correction only will seem like a great buying opportunity. Not yet for me though. >> I agree and as I said, I feel we will have several headfakes. The houses know many folks have sold ar are selling. They also know these folks....like you andme.....are waiting for a bottom to get back in. I think they will offer us several false bottoms, just to get those buy orders triggered by the little guy. Then? Down again they will take it. Anyway, my situation now is this. I can think whatever i like, but it dont mean squat. Naz could shoot to 5500 or 2500, I have no idea. What I a trying to do....with trying being the key word, is limit my holdinggs somewhat but not bail completely. If the market goes up, my qcom, qcom leaps, aol leaps and etc, should do well. If the market goes down, I want to be in a position where I dont have any stcks that can fall another 80%, and have very little or no margin in use. This way, a drop wont force me to sell, and may even enable me to nibble a little if a true bottom is reached. The hardest part of this is not holding stocks you love and want.....sunw, ntap and etc......I want em, but am too damned scared to buy at this point in time. Maybe if I had alot of cash in reserve, I would do the 1/3,1/3,1/3 thing, but since there is no cash I am forced to play by different rules. Thanks for the thought....have a great day keith@damni'mtired.com