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To: Sonki who wrote (15182)	12/28/1997 3:49:00 PM
From: W. Clinton Terry	Read Replies (1) \| Respond to of 27012

Sonki: Both shorts and longs are equally risky, as the current downturn indicates. If your short is well chosen you will make money, just as your longs will make money if they are well chosen. In either case, you have to be going with the market. The overall markey may still be trending upwards, but the techs are not. Both bulls and bears make similar arguments: hang on and things will go this way or that. Both will be right at different points in time. Obviously, the bulls seem to have the better argument for within the past 6-7 years the market has risen. However, I can remember before that when the market did not make such moves. Nevertheless, there are a lot of cheap stocks out there and in a short while they will be good buys. If you are buying for the long term, there is no need to participate in these sorts of discussions, as you buy and hold and you will make money, even if it takes 2-5 years. This is probably the sanest way to proceed, not only in this market, but in all markets. Clinton

To: Sonki who wrote (15182)	12/29/1997 8:07:00 AM
From: Eliz2	Read Replies (1) \| Respond to of 27012

Sonki; Happy New Year, I read Addi's post and believe it makes loads of sense. I am very impressedwith your knowledge of the market and view with interest your comments. I would love to be able to afford MSFT but must save $ for my inventory at this time A few weeks ago I bought 8x8 Inc and Amat, and Utek. realize some need time.to develop. I am learning a lot by watching these posts and am amazed at the candor that everyone is exibiting. Also agree about IBD. If MSFT changes for a while, I might be able to jump in depending on how my business is going. I do not know a lot about tech stocks,however know that this is where its at