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To: RealMuLan who wrote (3634)11/24/1997 2:19:00 PM
From: bw  Read Replies (1) | Respond to of 95453
 
I think that the Japanese situation is going to be a real negative going into the close today. If Japanese market goes down 10% overnight, this should prompt further decline across the board...



To: RealMuLan who wrote (3634)11/24/1997 2:28:00 PM
From: SJS  Read Replies (2) | Respond to of 95453
 
Cramer's article was spot-on. I've got to change my prespective from trading to investing in this segment. Unless I want ulcers. It's either that, or lighten the load, which I've done a few weeks ago.

The talk of overweighing your portfolio in this segment that a few analysts said a couple of months ago was the thing to do, would product a personal fiscal meltdown.

It's hard to watch these things tank, know they are oversold, and see them keep sliding. The ICEBERG part of this is that there's alot of gain that I already took (sold PDE at 34..., MAVK at 43) but there a lot of gain in the stocks I HOLD that I didn't participate in. I am not eating into profits, I am eating into my capital.

With most of these up astronomically this year, people want their profit. For many people, these declines represent a paper loss right now, and not a shrinkage of profit.