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To: chic_hearne who wrote (46027)	12/11/2000 1:41:04 AM
From: Spekulatius	Read Replies (1) \| Respond to of 436258

Chic, I do not really know who Robbie Stevens is. I have been in the market for almost 20 years now. I have been wrong about the direction of the market about as many times I have been right. But since I play mostly long,my downside is only 100% but my upside is infinity <g>. Playing short can wipe you out in a heartbeat, that's why I do not like it much. I have been shorting recently, only to hedge my long positions,but do it only hesitantly. I am a stockpicker and like growth value plays.I really do not care about the valuation of the overall market,as long as I can find stocks I like. There is a huge difference between being right and being successful.If you said that the market was overvalued 3 years ago, you certainly would have been right - but would you have been successful? Good luck whatever you do.