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To: william j cap who wrote (26061)	12/22/1997 11:59:00 AM
From: McNabb Brothers	Respond to of 176387

william, I have a good friend that has been bearish since 1982 when Ronald Reagan took office! Believe it or not he is still bearish and we are still good friends and we face off face to face almost every day! He told me since I was bearish that he had better turn bullish! I told him if he did I would sell all my core holdings! (But was only kidding him, for he will be right eventually!) We have been selling selective stocks short for over two years now, but did not really turn bearish on the over all market until Sept. or Oct. of this year! No matter what my friend thinks he will not change our minds or anyone else as far as that is concerned! We will continue to look at the whole picture and change our mind when we see something different! Not saying we do not listen to people, because we do, but we make our own minds up in the end! Hank Hank