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To: Dale Baker who wrote (251)	11/15/1997 9:34:00 AM
From: Dale Baker	Read Replies (4) \| Respond to of 118717

Here's a question for everyone. Reviewing the decline in paper profits this weekend, I decided the main cause was - obviously - not taking profits in several companies when they were at their peak. I missed the opportunity to pocket real money and buy into the companies later at a lower price. I also could have shorted those same companies or at least shorted against the box to ride out the decline. Now comes the problem - I bought these companies with a long-term view to buy and hold. The intention was to hang on through corrections on the assumption that they would keep moving ahead. I tossed out that idea when it looked like the bull market might really be turning. The Dow dropping from 8300 to 7050 is 15%, not a "normal" 10% correction. WDC is an example of a stock which revealed during the larger crash that its fundamentals weren't what everyone expected. I would have sold WDC regardless of the overall market. Now I am debating if trading in and out isn't the way to go. Sure, no one is an expert at picking tops and bottoms and you may leave some money on the table, but TA helps to pinpoint general trends and turning points. A lot of you already fall into the category of trader or investor. Like life, however, most of us are in the middle. Any thoughts?

To: Dale Baker who wrote (251)	11/16/1997 10:20:00 PM
From: Appleby	Read Replies (2) \| Respond to of 118717

Dale, It's pretty easy for me to remain optomistic about BNGO even though i'm "down" to a 287.10% gain for the year. But I really think it has some long-term potential, and is a bargain these days. I can see where there is money to be made shorting these days. I can also see that you'd better know what you're doing to get into it. The most you can lose on a long play is 100%. That's not the case with a short squeeze. I've been watching CSMA for about a week.. when it was at 1/2 now it's at over 1 1/2. 160% wouldn't have been bad for a weeks investing (which i didn't do). CSMA may go way higher, but it's too late for me to buy in, in fact i would have sold by now. I like the premise of buying in on a short squeeze, to double money quickly. There doesn't even need to be a real short. The hype from the hint of a squeeze can take the stock that high. Do you know of any shorts that are ripe for squeezing? Ed