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To: pbull who wrote (9389)	10/14/2002 3:49:56 AM
From: Sig	Respond to of 13815

<< He manages money for wealthy clients. His big winner was a tiny New York bank that he bought for $1.50 on the IPO in 1993. Today, it trades for 2 times book value and he says he would buy more.>> An IPO that made money? Tell him not to sell out short, his story is worth a fortune to any broker hawking a new IPO today. Re Ba: My top short candidate for today, having lost an order for 240 airplanes to Airbus. Whut has the world come to, one airline buying not 10 or 40 at a time but 240? Since BA subs a lot of work, that means subcontractors may have to reduce their production plans for that contemplated order and NOC may take a dip also. T minus 5 hrs hrs and counting. Am not absolutely sure the market is open today but signs are that it is. Regards Sig

To: pbull who wrote (9389)	10/14/2002 9:22:29 AM
From: Sig	Read Replies (3) \| Respond to of 13815

Morning PB IMO the only way to learn this game (and have lessons sink in) is to continue to actually invest at least small sums. Today I will try to buy puts on Noc and Ba. And calls on Bmc, Tsco. Overall am running about 1/2 short and 1/2 long and therefore market opening down does not cause panic or worry, which frees me to continue work on this house. I have a new room about 14 by 23 nearly finished which will be "my" room for library, pictures, exercise equipment. Some people collect bowling trophys, cat-show ribbons, moose heads to remind them of past success I have things like one first place ten-k gold medal, sharpshooter medals, a 1917 gold peice. And 40 shares of Dell from 1993. Which can be hung on the wall. I have taken many lumps in this market, and now the one thing that irks me most is that I have to be conservative in buying materials. I say to paste your best past efforts on the wall to remind one they have been succesful in the past and can be again- otherwise just playing with this kind of market can often trash ones ego. Sig