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To: MythMan who wrote (23075)	10/27/1997 3:52:00 PM
From: mike iles	Read Replies (2) \| Respond to of 53903

DavidG, Bateman, bulls everywhere ... this is REALITY regards, Mike

To: MythMan who wrote (23075)	10/27/1997 6:41:00 PM
From: MR. PANAMA (I am a PLAYER)	Respond to of 53903

PM it is only over when you have no buying power...we are still holding a lot of cash ... currently the positions we have,have been hit but after having bought Dell at 30, Sunw at 25, IBM INTC much lower..." stopped out" of MU much higher but still holding many jans and aprils...All in all October has been a bad month so now i feel like many bears have felt for the last 3 years...hahahaha I am expecting and hoping for more selloffs tom morn to "build or liquidate" positions...i think an active trader can prob trade this mkt both ways viciously intraday for quite a while..its going to be a lot of fun and a time to develop a lot of experience in a short while....like fighting in a war....but i would tend to close new positions by day end and or hedge them But keep in mind that while a few bears will make some money during this fall most will be losers...most have parents and grandparents with IRA's ...children with trust funds and pension plans invested in stocks....they are all the poorer....true money will and always will be made on the upside....