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To: Robin Plunder who wrote (103307)	8/27/2001 11:10:30 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 152472

>> Are there other approaches to avoiding a bear that are effective? Yes. Sell all of your ltb&h positions just before the bull market crashes and then buy them all back at the bottom of the bear market :-). Of course, that requires some marginmike-ish timing skills, which most of us don't have. As a senior investor, I've opted to hold my core positions and simply write covered calls against them until I sense the ruturn of upward momentum. You don't provide any profile information, Robin, but if you are a young investor, which I define as 20s through 40s, and are a net contributor to your portfolio, you could simply embrace the bear and maintain an orderly program of accumulating the stocks of great companies. Five years from now, today's prices will be viewed as once in a lifetime opportunities, but only for those companies that survive the bear. jmho, uf