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To: Glenn D. Rudolph who wrote (4983)	1/22/2001 11:18:43 AM
From: Randy Ellingson	Read Replies (1) \| Respond to of 57684

Glenn, I added shares of YHOO today to my IRA. The market seems once again to be acknowledging that they have some marketing power to wield as time goes on. Now let's see what YHOO offers up in the coming year(s).

To: Glenn D. Rudolph who wrote (4983)	1/22/2001 5:06:31 PM
From: Libbyt	Respond to of 57684

>There is so much I learned from that short position....< Thanks Glenn for all of the insights you offered. A very thoughtful, and reflective answer....with lots of well earned wisdom! A great quote was made by Tommy Prothro, a Football Coach: "We learn from our mistakes, and the amount we learn is in direct proportion to the amount we suffer from having made the mistakes." Sometimes the best lessons seem to be learned "the hard way". Some of the lessons learned you mentioned....cutting your losses, and dealing with the stress of being on the wrong side of a trading situation are things you often "read"...but sometimes it is hard to admit to yourself that you've made a mistake in judgement. Obviously as painful as this lesson was, in the long run you've done well to recover from this mistake and "move on"....but you're moving forward with a different approach to the market. IMO being more cautious and not putting the additional pressure on yourself of holding a short position in a stock (while running a full time business) are probably good choices. Well diversified to me does not just mean stock securities in different sectors. It means some money in some form of bonds such as municipal bonds, or other government bonds. ......I believe that one's portfolio is money one does not ever expect to need short term. One should only invest money they know they will not need for quite some time. Therefore, there should be some form of a bank account with cash that is separate of the portfolio I agree with you on both being diversified and having a separate bank account for unexpected bills. For some reason this has been the year for me for large, unexpected bills....and I'm finding I need to put more money aside in this "just in case" account. Thanks for sharing your experiences and the insights you've gained! I'm glad last year was a good one for you, and hopefully 2001 will be even better!