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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Paullie who wrote (39864)	10/29/2000 7:34:38 AM
From: Knight	Read Replies (1) \| Respond to of 57584

Paullie--Sorry to see you will be leaving. You have done the prudent thing in your situation. I too, have been in the same situation on days that I couldn't watch my portfolio on a daily basis and have also lost funds. I don't understand how to use stop loss etc. and don't feel comfortable with it and have felt as you do. This market has a lot of people in a quandary as to it's stability and their ability to manage their money in a more realistic way that is beneficial to them. A smart, experienced investor is one like yourself who knows what is right for them. You have been a valuable part of this thread and I hope when the time is right, we will see you again. Regards to you and your family, Vickie

To: Paullie who wrote (39864)	10/29/2000 8:50:28 AM
From: Rande Is	Respond to of 57584

Paullie, You have been a friend for a long time and you will continue to be, whether you are in the markets or out. Remember, holding a position is not a prerequisite to this community. Your post about evaluating circumstances is very good. We have all enjoyed the benefit of your wisdom and will miss you in your absence. I respect the decisions you have made. And I totally understand the criteria for your decisions. But I feel it would be irresponsible of me if I were not to remind you [and everyone] one more time. . . . that if you were to look over the past decade[s] and choose just one week out of the year that would be the absolute worst time to exit the markets, it would be the final week of October. 2nd choice would probably be the 3rd week of October. What is lost by the techs is not easily recovered by the broader markets. All analysis aside. That is pure history. There I said it. I know that you will make the wisest decision for the good of your family. And I hope you take the above in the spirit in which it was written. Your decision to rotate into Fidelity Funds was probably a good one. I have advised some of those same Fidelity Select [and Berger] funds to close friends and family. Paullie, your character has been exemplary. And your constant search for wisdom in all situations has set a standard and example for all our readers. Once again, you will be missed. And you are always welcome to check in with us. Best wishes to you in all that you attempt. And may God richly bless you and your family. Sincerely, Rande Is

To: Paullie who wrote (39864)	10/29/2000 10:26:26 AM
From: DlphcOracl	Read Replies (2) \| Respond to of 57584

Paullie: Comments on your post. I, too, have that queasy feeling in my stomach after having seen substantial losses in my portfolio last week -- JDSU was my largest individual holding. However, being by the computer would not have mitigated these losses; after Nortel announced its earnings, all of these stocks opened the following morning 20-30% down from where they closed. Many mutual funds were also killed with some of the best (Kopp, Kevin Landis' Firsthand Tech Value Fund, etc.) down 10% for the week. My point: if one invests in stocks there are going to be periods where it is disheartening and frightening, regardless. I agree with your conclusion that it is now necessary to diversify more fully into non-tech funds. I do not think many of them will outperform the standard indices over the next 12 months. The most important aspect of your post is: if one's investments are keeping one up at night and interfering with one's overall sense of well-being and enjoyment of life, it is time to either change one's method of investment or simply get out of the stock market. No amount of money is worth sacrificing one's peace of mind.