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To: Sonny McWilliams who wrote (12316)10/27/1997 5:43:00 PM
From: dougjn  Read Replies (1) | Respond to of 27012
 
<<Those analysts are always so much help!! What would we do without them??>> Absolutely.<g>

It also enormously irritates me that CNBC, CNNFN et. al. report first and often in point terms. ANd then occasionally get around to the percentage down. Percentage is the ONLY relevant measure. Notice how they report indexes we are not familiar with, such as the Heng Sen. Almost entirely percent, only rarely the point amounts. That's the way to do it. Make for less drama, lower ratings. And its diffenent for how have done it.

Anyway, for what its worth, I sold some stuff early today (as well as last week). Last week for issue specific reasons, but waited to redeploy. This am cause I basically thought there was a high risk that what happened would happen. Wish I'd sold more. Probably will sell some more tomorrow, to be safe...

But will be very fast back in. And of course will remain substantially in.

Regards, Doug

PS Circuit breakers are good for the specialists, MM. Bad for the public. In my opinion. Essentially, they just increase the opportunity for gap down situations, which are an investors worst nightmare.