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To: Trader X who wrote (10309)12/12/1997 11:01:00 AM
From: James H. Irwin  Respond to of 17305
 
Kevin,

Sage advice. I agree with you. Preservation of capital is more important than maximizing profits. Its better to be a little late and give up some profits than to be too early and suffer a drawdown.

Take care of the downside, let the upside take care of itself.

Personally, I'm waiting for a successful retest of any new low before making any forays into the tech sector.

bon chance.
Jim