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To: Frank Pembleton who wrote (93267)	8/8/2001 12:30:07 AM
From: isopatch	Respond to of 95453

Frank. Liked this piece from IBD It makes a good case for high cash levels and patience in the current market environment. "While last week’s brokerage-inspired rally didn’t inspire a lot of confidence, Monday’s low-volume sell-off didn’t generate much fear. The market continues to grind sideways, no better off than it was in mid-April. It takes patience and discipline to sit through the doldrums. Trading here and there to divert yourself will just erode your portfolio. If the market isn’t acting right and few stocks are working, stay on the sidelines. It’s better to study your past trades and update a watch list of promising stocks. Sure, scores of former leaders have been decimated. But six Fed rate cuts, with at least one more to come, eventually will turn the market. In the meantime, investors slink away in boredom and frustration. You have to go back to Dec. 30, 1999, to find a non-holiday session when Nasdaq volume was lower than Monday’s level. The market is wearing people out, which is precisely the time it pays to be alert." (thx to SI member, Challo Jeregy for the above) Playing a flat market is a little like hitting against a bad ball pitcher. Being alert but patient enough to refuse to swing at pitches out of the strike zone can get me to a walk to 1st base - aka preservation of capital - just as surely as a solid line drive single. Likewise, standing aside when the market is offering very little in the way of opportunities I don't lose principal by taking on poor risk/reward trades any more than Ted Williams would by striking out swinging at bad pitches and reducing his hitting capital, aka batting average. Up to 85% cash as of todays close. But geez! I'm ramblin'. Time to call it a nite.<g> Isopatch

To: Frank Pembleton who wrote (93267)	8/8/2001 2:04:34 PM
From: Frank Pembleton	Read Replies (3) \| Respond to of 95453

Canadian Uranium Giant Eyes U.S. Expansion By Lesley Wroughton TORONTO (Reuters) - The fast changing business of nuclear power has Canada's Cameco Corp. , the world's biggest supplier of uranium, eying unused nuclear plants in the energy-strapped United States, Chief Executive Bernard Michel said. Speaking to Reuters in a recent interview, Michel said Cameco was looking at the possibility of investing in idled reactors or completing unfinished facilities. But he would not say if the company was already in talks on a deal. Saskatoon-based Cameco has already made a foray into nuclear energy production in Canada, buying a 15 percent stake in the Bruce Power plants in Ontario, where the provincial government plans to deregulate the electricity market by 2002. ca.news.yahoo.com