To: Greg S. who wrote (34364 ) 9/11/2000 8:56:20 AM From: Rande Is Respond to of 57584 Thanks, Greg. I appreciate the accuracy of your correction. For the record. . . When you see me use the word "return", I generally mean "gain". Calculating in the return of our original capital is what banks do. In stocks, if I were to say that I got a return on a stock of 150%, most people would think that meant I made 1 1/2 times my money. . .which would be untrue. . . though accurate. A 150% return is only a 50% gain. If you make 7 times your money, you make a 600% gain, but get a 700% return on investment. And when I use the word "annually", for the sake of discussion, it is not compounded daily as in a bank. . . or compounded at all. This is easier for the most people to understand. I'll try not to use the words "Rate of Return", but rather I'll try to say "Rate of Gain" Perhaps I'll start using the term "yearly" as in "yearly gains" . . . instead of annually or annual returns. That may keep the confusion down. NOTICE!We aren't trying to conform to standards here, but rather bust through them, establishing our our own standard! We are working diligently to come up with our own ways of looking at numbers and thinking about stocks. . . learning new ways to analyze the markets. . . calculate our own new indicators, creating our own market indices. . . which better represent this entirely new and highly volatile market. . . then teach others our methods. I hope nobody is offended by this next part. . .but these days we must enter into a new dimension of trading. I don't care to learn the traditional methods related to studying, measuring or indicating the way things were. And that is part of my edge. This market is totally different than the stock market of the 80's. We must treat it as such. This departure could be referred to as "vision". . .because we are literally seeing the market in a new way. So references to traditional measurement or traditional explanation of the things we see today is like placing the cockpit of a Boeing 727 into the new super high-tech 777. It would be a joke. Anyone who has seen Matrix. . .I see this movie as the perfect analogy to the NEW individual investors view of Wall Street.. . . . the more the "one" believed he was superior to those of the Matrix and the more he was willing to see, the more he saw them for what they were. And the more he saw them for what they were, the more the veil would lift on the matrix. . . . eventually revealing all. Strange as it sounds, that is precisely the way I view Wall Street. There is so much there that we have never been able or permitted to see. The brokerage houses enjoyed keeping us baffled and bewildered. But over the years, we have broken through these man-made barriers and are now seeing them for what they are. . .greedy manipulators. . .and the better we see them for what they are, the better we are able to predict their actions. And once we can do that, the fight becomes an easy one. . . again like the final fight scene in Matrix, where he is fighting them with one hand behind his back in slow motion to their ultra-fast motion. LOL! Now that I have perplexed some of you and illuminated others. . . lets get on with our day. Rande Is