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To: PoetTrader who wrote (104551)	9/12/2001 10:29:28 PM
From: Wyätt Gwyön	Respond to of 152472

hi PoetTrader, I for one shall only liquidate what is necessary to defer financial ruin, but I refuse to sell everything at the open, which was my panicked thinking in the beginning i can understand your thinking. my guess is the first day or two is not going to be too bad. i expect the Plunge Protection Team to be working overtime to keep equity prices propped up. (that is just a wild guess by the way.) the PPT's efforts may work in the short run, but over time, i think the weight of reality will weigh back on the market. equities seemed so overpriced to me that i completely liquidated my accts. in july. an event such as yesterday's is not going to bring my money back into the market unless there is a 40% plunge, which i don't expect for at least a couple more years. but good luck with your strategy.