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Biotech / Medical : Biotech I-Shares (IBB) -- Ignore unavailable to you. Want to Upgrade?

To: Rich23241 who wrote (52)	3/22/2001 12:14:30 AM
From: LemonHead	Respond to of 75

Hi Rich, I think that was a good move on your part. But FWIW don't start changing the Buy/Sale Safes every time the wind blows. Try to pick a gauge and stay with it. It is extremely difficult with an IPO or new issue such as IBB. April/May last year I changed to 10/20 on most of mine, wasn't quite enough but I think it was some what constructive in making me change from buying weekly to bi monthly or monthly. Kinda slowed my buying habit down some. Still didn't get me to the bottom, but much better than the path I was on. Some how this bottom feels like hiking down the Grand Canyon, if you start at the top and decide to hike clear up the other side, then you will spend a lot of time looking up at walls that look the same. FWIW Keith

To: Rich23241 who wrote (52)	3/23/2001 12:00:22 AM
From: matvest	Read Replies (1) \| Respond to of 75

HI Rich, Yes IBB is very close to another buy for me. Your going back to the BTB is probably a good idea. I am staying with SAFE of 5-5. The thing about AIM is that you really don't have to worry too much about where the bottom is. What you do have to worry about is executing buys or sells too often so as to run out of cash too soon or miss some of the upside. Remember it is a long term strategy and takes a lot of patience. The really most important thing to reconsider on a set interval is whether the investment is still a viable investment. That is, will it come back whenever the bottom is hit. I have one stock (TQNT)that has to almost double before I get a sell, but it is a healthy company and has been very volatile in the past. I think it is still a sound company to be in. When I get nervous, I take a good hard look at the company's fundamentals & chart and if I conclude it is still viable then I hang in. Lary M