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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (41166)	1/19/2001 12:16:36 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

2850 was the last solid support. I had not even noticed that today. Thanks for pointing that out. Well, well!! So, will you sell your AMAt in here, or continue to hold?

To: Paul Shread who wrote (41166)	1/21/2001 2:29:13 PM
From: Lynn Goodman	Read Replies (4) \| Respond to of 42787

Just call me "J6P." I had been debating whether to post this, but when I read your post, I had to respond. Last year, my husband transfered his 401K to Salomon Smith Barney to be managed as a "Special Account," that is, an aggressive trading account. The amount at the time of the transfer (around March) was $333,000. Ten days ago, the statement came for the year ended 12/31/00. The amount in the account was $169,000. We had not been keeping up with that particular account because we had other fish to fry--raising cash for a planned move and to tide us over after my husband quits a job he hates without having a new one to replace it. So, I read the statement, went ballistic and went to meet with our account manager. He pointed out that the account as of 1/18/00 was back to $200,000 and that we were in really good stocks (eg SUNW, INTC) that he didn't think would go lower and would come back. I said that I had expected him to be a lot more nimble in a so called Trading Account, and I didn't care what spin he put on it, how did he expect me to swallow a loss from $333,000 to $200,000 (forget that it actually had been lower)? He went on to talk about how much the Naz was down and how he had bought stuff when he really thought it was the bottom, but it wasn't, and blah blah blah. My problem is that I don't want to manage my husband's investments, and he doesn't really have the learning or the time to do it himself. And it is more than just the 401K funds, all of our savings are at SSB, also suffering from poor performance last year. The only reason we are not completely crazed is that we have cashed out enough to cover our upcoming expenses. Any thoughts? Lynn