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To: LindyBill who wrote (34622)	11/13/2000 4:08:09 AM
From: chaz	Respond to of 54805

Dancelot, Most of my money is not tax protected, but even there, I have decided to stay the course and ride this out. Two reasons: 1) I am satisfied that four- five years from now, the stocks I hold will be worth far more than they are today, and, 2) I will not have the worry about picking a new bottom. I know from some experience that being out after a "scare" usually leaves me so traumatized that I wait for the recovery to be in full swing before I commit money to it, and I don't want that to happen again. I got very lucky with my $40 purchase of RMBS recently, and I've bought some others on the way down last week. Earlier in the year however I've bought and sold lower more often than not, so my timing skills are not skills at all, and they're not bad luck. They've just been bad decisions. This isn't CTXS. There's nothing wrong inside the companies I hold, and there's nothing structurally wrong in their markets. It's more fun to see green than red, but in spite of what we've seen in the last month, I'm still ahead of myself from last June....by more than 20%, so I could handle another haircut. Chaz

To: LindyBill who wrote (34622)	11/13/2000 7:25:31 AM
From: blan	Read Replies (1) \| Respond to of 54805

I have just got rid of a lot of worry, and will sleep better. I've always thought that this was the downside of a large tax-free account--too much freedom and worry unless you have a nice ballast outside of the 401. I know several people with large IRA or 401k accounts who shift in and out at will. Since they can pull the trigger, it's harder to hold still and harder, I guess, on the nerves. Just out of curiosity (if you don't mind my asking) what percent of your funds do you have permanently outside the market, in cash or some other stable form?

To: LindyBill who wrote (34622)	11/13/2000 10:36:25 AM
From: mauser96	Read Replies (2) \| Respond to of 54805

Well I may have bought some of those shares. As you may know I've been a big fan of accumulating a cash position during good times. The converse also holds true, so starting today I'm beginning to start dollar averaging back in the market. To avoid the "ownership bias" I'm doing it with QQQ and SPY. I was waiting for NASDAQ to go below old lows and trigger off technical selling. We may be seeing not only margin calls, but also selling by foreigners who incorrectly think our democracy is in danger because of the election. The election crisis will be solved, eventually one of the candidates will concede. I have no idea when the bear will end, but it will end sometime, and statistics have shown if you miss those first few days of the new bull, you miss a lot of the total gains. My plan is still to retain enough cash so the important parts of my life style aren't threatened by market fluctuations. Thanks for sharing your moves with the board. That may take even more guts than putting everything into QCOM. The miasma of pessimissim spreading throughout the SI boards may be a good sign that we are not that far from the bottom. The same emanations must be reaching the Fed .

To: LindyBill who wrote (34622)	11/13/2000 11:23:00 AM
From: Eric L	Read Replies (1) \| Respond to of 54805

<< So I have placed orders to sell my positions at the market Monday morning and go to all cash for now. >> Looks like you may have beat some others to the punch. Good luck getting back in. - Eric - Standing Pat