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To: Murrey Walker who wrote (3610)	8/11/2000 11:00:24 AM
From: jjkirk	Read Replies (2) \| Respond to of 13572

Hi Murray, I am a L-T IBD subscriber and a student of O'Neal, so I know were the 8% sentiment comes from. I appreciate your comment re the current climate. Greg said he would give Juniper(which I have not entered) a 15% range...I just wondered where the sentiment was...are we in another L-T Naz decline back to the spring lows? If so, time to exit all these puppies. Regards,............Joe K..... PS An old Merrill hand once told me that O'Neil could not make it running a mutual fund, so he switched to "teaching". Is this true? Does this reinforce the old axiom: " If you can, do. If you can't, teach."?..jj

To: Murrey Walker who wrote (3610)	8/11/2000 11:24:16 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 13572

re: 8% rule, I took a big position in SDLI back in April. Stock was one I wanted to own for a long time, but always too expensive. Market swoon gave good opp for entry. If I had followed that 8% rule, I would've been stopped out a couple times. Instead, held on and enjoyed the runup. I know a guy who was one of those religious 8% people and he couldn't hold the stock because he got stopped out too many times. This in spite of his loving the company. I told him you can't do that crap if you want to own a stock like SDLI (like it was back then, when it was super-volatile...things different now due to JDSU arb). You need to give some stocks time to fly.