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To: Sam Citron who wrote (3423)	12/24/2002 1:20:23 PM
From: advocatedevil	Respond to of 13403

OT - RE: "Seriously, though, what factors caused you to become less conservative as you became older and wiser?" Well, I guess I'm more confident, I've increased my focus on havin' fun while tradin', but perhaps most importantly, my tradin' funds represent a much smaller portion of total assets these days - it's money I can more easily afford to lose. The fear factor has been minimized because in the big picture, I've reduced overall monetary risk even though individual trade risks are less conservative. FWIW, it appears my AMAT closed at $13.87 - (sigh of relief) - only down $1,440 on this play - a bit better than the $5K I was lookin' at earlier! AdvocateDevil

To: Sam Citron who wrote (3423)	12/24/2002 1:32:57 PM
From: Sultan	Read Replies (1) \| Respond to of 13403

<OT> SYQT ASTA .. blast from the past.. The year is 1994.. I looked at Iomega drives (pricey, unreliable) and SyQuest.. Compared the numbers and bought shares in SQYT.. watched it for a quarter or two, sold nearly break even.. Never did buy IOMG.. Even after Zip was introduced.. Any one remembers ASTA ??.. AST Research Inc.. Share price was around 31.. I had 100% profit.. Previous quarter they had announced a positive surprise and 4th quarter was due any minute and I bet that they would surprise again.. DELL had crashed to 12 presplit due to their aggressive deals in foreign exchange.. and I see in WSJ insider trading that one director bought 100k shares around that price.. My plan is to sell ASTA in any positive surprise and roll the money in to DELL.. Alas, ASTA disappoints by preannouncing and and it comes down to 26.. I am paralyzed.. I have ridden these ups and downs before so I decide to hold.. Bottom line.. I finally dumped ASTA in 1997.. One of the few PC company who messed up transition from 486 architecture to Pentium.. And needless to say, they did not survive.. Bought out on the cheap by some Asian PC company.. More importantly though, I never did buy DELL.. With my buy and hold approach with a typical stake of 20k shares, DELL if bought in 1994 and hold for five years would have been worth a cool 50m .. Which is not a stretch since I did hold whole bunch of winners and losers from 1992 to 1999.. But the same buy and hold approach from 2000 to now has of course resulted in serious damage to one's pocketbook.. For 2003, am inclined to keep a short term focus and rebuilding of the battered portfolio.. In some sense, it is almost like I am back to 1992, although with more seed money and a lot of questionable experience.. Questionable because it is not clear to me what we can apply from mid 1990 to early 2000 since Tech numbers are all skewed because of the effect of y2k spending in all sectors; easy money and irrational exuberance.. FWIW..