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To: Earlie who wrote (126064)	9/27/2001 7:12:18 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 436258

>>"Trajectory" relates to the path followed by an object as GRAVITY hauls it down into the dirt. (g)<< ha ha! hey, can you imaging her interview? "as you know, we are looking for an investment analyst / industry pim to anchor a show. so, just how badly did you flog the public last year? really? that badly? you're hired and we'll double the bonus!" -ng

To: Earlie who wrote (126064)	9/27/2001 7:37:11 PM
From: Earlie	Read Replies (2) \| Respond to of 436258

Earlie from Earlie: A quick summary of the last few days at this end: Cleared virtually all shorts last Wed and Thurs (as posted). Jumped in hard on Monday, fearing that the rally might not last. Cleared a few positions late this morning based on the market providing delightful short term gains (CCMP and KLAC in particular). Now sitting with plenty of dry powder and several comfortable, above water (for a change) short positions (especially IBM). I will add to these if this afternoon's rally extends significantly into tomorrow. On the long side, doing little except occasionally adding a few golds. I already have a decent holding of our "sewer rat" stock and I intend to start accumulating a small position in a junior medical stock that I like. I will post a short note on this one within a day or two (clients first, then fellow threadsters) (g) Can't see any reason to change the current basic stance and strategy which is to: - play the short side almost exclusively. In particular, seek out the "mortally wounded" or companies that are humping huge debilitating debt. - hold few long positions; a few junior golds with large proven reserves (currency hedge) and a few stocks that I believe will "do well in bad times". - Realize short term profits when they are provided by Mr. Market (today was a beautiful example of the value of this strategy). - so long as the fundamentals continue to worsen, slowly but surely move towards holding some shorts for a longer duration (in other words, let a few of the winners run a bit). - above all else, don't even think about playing the long side in any consequential way until most folks have exited the market and hate the very word "stock". - Keep repeating the words "discipline equals profits, greed equals losses" to myself...... over and over again, during the trading day. Best, Earlie