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To: Dave B who wrote (62226)12/2/2000 3:40:34 PM
From: Zeev Hed  Respond to of 93625
 
Dave, If you remember, Thursday, when I went on a buying spree (down to 15% cash), I also stated that i expected the rally to go to 2800 or so, when the stocks I bought started to reach my targets (and many exceeding those), I started to sell, just as a "discipline" of booking profits when offered (sold the Bu$$ bought late Thursday at $36-5/8 for $41-3/4, just to jump back in and out few time for few bucks each). When we reached 2750 or so, but the tic did not really go extremely high, I felt that this rally, as Tim had suggested, had a good chance of being just a "one day wonder", when the decline started to accelerate, I simply decided that "enough is enough". I did get back into the bu$$ ($43) because I had very little exposure left after selling almost all trading positions.

Zeev