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To: DlphcOracl who wrote (6723)	11/12/2000 4:41:17 PM
From: kanuti	Respond to of 13572

I have asked myself this question many times in the past weeks. I have read and listened to hundreds and hundreds of opinions from professionals and individual investors. I have no idea if the NASDAQ will be at 4000 or 2500 a year from now. That is my problem. I must believe the market will be higher or I would sell out 100% and go short. But due to my uncertainty, I am getting out of margin and protecting what I have. Selling all but 3 of my holdings will also leave me with a fair amount of cash, that I might or might not put to work in the coming days or weeks. I am also attempting to not increase my tax liability for 2000. That said I do not wish, in the year 2000, to sell stocks that have 300, 600 and 1600% gains. I would be better off waiting until January when the taxes would not be due until April 2002. IF I should decide to sell, which is doubtful. Therefor I thought if I short a equal number of shares that I own if the market does go down dramatically I will not see a further decrease to my net worth. I realize I won't see a gain if the market heads up, but I would rather be safe than sorry at this point. If it was not for this election fiasco and my collapsing faith in our government leaders, I would have remained bullish. But this has shaken my faith and I worry it is shaking the faith of the whole world. Only time will tell, and those who make the right bets will prosper. But I made the wrong one last week and it cost me dearly. So for me it is time to go to the protection mode.

To: DlphcOracl who wrote (6723)	8/6/2002 2:09:07 PM
From: DlphcOracl	Respond to of 13572

kanuti: I got killed in 2000 but figured out what was happening by 2001 so that I was on the sidelines for most of 2001 as well. I lost about 15% trying to trade in and out of the market in 2001 and realized that I was not going to be successful at it. In brief, I have probably been out of equities for 90% of the time since January 2001. In retrospect, I should have been in bond funds rather than money market funds, but held out thinking that the MOABO would present itself. Eventually, it will, but "there ain't no thing as a free lunch". Trying to make that one big score and hit a home run in this environment is suicidal. Now that I have sufficient in HSGFX to use it for a LT equity position, I am content to just hit singles.