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To: purecntry5 who wrote (2404)	11/4/1997 8:33:00 PM
From: Peter Goss	Read Replies (1) \| Respond to of 27307

To all the longs, I have only two questions. What is your sell discipline? What is it based on? If you cannot pin it on anything financially specific, then you are participating in the Ponzi. Is any long willing to say when he/she plans to sell. It is easy to brag about how right you are, and how much money you have made (on paper), but the real measure is how much you made when the position closed. It is funny to see how everyone defends their long position, but I bet brokerage statements would ent story. See you in the low $20s. Peter

To: purecntry5 who wrote (2404)	11/4/1997 9:16:00 PM
From: David R. Doerr	Respond to of 27307

>> It is available online I believe but do not have a link Hey John Wayne, here you go, amazon.com :-)

To: purecntry5 who wrote (2404)	11/4/1997 9:44:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 27307

Cowboy, IMO, Alan Greenspan has made it pretty clear that if the market doesn't cool the speculative excesses he will raise interest rates. He had to deal with one major crash and I don't think he wants to do it again. Or mabey the run on the various currancies will come haunting again. It will take a flattening of corporate earnings or serious inflation (or deflation) to do any real damage to the stock market though. You're right about Japan, and they are still paying for it. Nothing wrong with buying on the dips as long as they are quality companies with a solid business.

To: purecntry5 who wrote (2404)	11/4/1997 11:06:00 PM
From: Jim Patterson	Respond to of 27307

"(They forget that once the downturn happens theres no way they will be able to reach their broker to sell anyway.)...." I agree with you on all but this point. They will not be calling to sell. They will be calling wanting to know when to buy more, or they will sit and wait because they are long term investors that can weather the storm. Accept this is a storm that is going to make hurracane Hazle look like an april shower. For those that don't know, the first 10,000 points in Japan was about 20%. If history follows, the dow will break 6,000 before the real selling starts. Ouch. On the other hand, 3-4 weeks after the Asian crisis, no one can find evidence of any effect Especialy in the numbers from Setember. ;) Jim