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To: Grandk who wrote (42066)	11/29/2000 5:40:08 PM
From: UnBelievable	Read Replies (3) \| Respond to of 436258

I Know The Feeling - Even A Dying Bull Is Very Dangerous It is important to think through your concerns and objectives. Are you concerned about having your short positions whipsawed or are you concerned about loosing out on potential gain associated with missing "the bottom". The first concern is very valid, but taking on long positions will not solve it. I have tried a number of strategies to attempt to minimize the volatility risk. One of the things I tried was taking long positions as well as short positions. Losing money on a long position does not help prevent losing money on short positions. <gg> Among the things I have done which do help are maintaining fewer open shorts (3 or 4 is usually the most I have open at a time), closing my positions when my objective for the trade is met even if it appears that it may have more potential, not keeping positions overnight unless I have a strong reason to believe it is not going to be possible to open the trade the next day on a generally equivalent basis, and not trading when I don't feel like I have a sense of how the market is flowing. If you are concerned about missing the bottom don't be. Pull up a graph of the N225. (Or even one of your favorite Gold stocks). We will all have a lot of time to evaluate the opportunities and bottom fish with GTC buy orders for a long, long time. Keep in mind that as long as there is so much chatter on this thread about the possibility that the bottom may be in, not even the bears have capitulated. Capitulation means give up. As long as people are concerned about whether we have had capitulation, so they can re-enter the market, we do not have capitulation. When capitulation actually does happen no one will care.