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To: pbull who wrote (7863)	6/15/2002 11:13:43 AM
From: Sig	Respond to of 13815

Re IPO"s I was able to get in on three IPO's in the past at MWD a few hundred shares of the few issues they made a market in. They all did go up,(during the bubble) and was lucky to get out within days at a profit on two but should have sold all of them when were up as they all crashed later. Had to get in close to the opening price. In these days of uncertainty, its probably wise to follow the pundits and direction as discussed in the Wall Street Journal as the money will tend to flow in the direction expressed by the supposed experts. If one insists on investing in equities. Momentum plays. Years ago it was best to follow stocks near their 52 week highs, than those near their lows. I would be wary of investing in funds that are advertised or touted since those that are most profitable in the last 2 years or 2 months will be those run by bears.( unless one expects the market to go down !) This market has produced confusion in all funds and investing techniques. During the tech bubble many family funds, college funds, retirement funds, company savings plans, (vast numbers, altogether) were investing almost solely in techs. The managers of those , after losing perhaps 90%, have been fired sometime in the last 2 years and replaced with those who SEEMED to have better ideas and safer plays. But still they too have also lost and contributers to the plans are still unhappy. Thats to say IMO they will now be playing this market too cautiously, going for diversity, big names, non-techs, and dividends at a time while big companies are earning less with dividends uncertain. To see the extent of the losses, one can go to the insider trading for LU ( check the garbage owned by the LU Retirement fund) and and follow a trail to other garbage funds. We are not going to get any useful direction or investment advice from others while this confusion lasts. I think we have to concentrate on a very few stocks of individual choice, try to know them well, and handle it as best as possible. In my case, I have been able to find excellent stocks, like ally, brli, tsco, geacf, bprx, but have handled them so poorly that I am lucky to break even and need much more trading experience. Sig