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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (11216)	1/1/1998 3:50:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 22053

I see the Nadaq finished the year up 21.6%. Anyone know what the S&P did? I'm disappointed to report a personal portfolio return of 14.2%, which was negatively impacted by some year-end bottom fishing, David, My return was negative during 1997. I was impacted by a large drop in COMS?USRX and ASND having written too many naked puts at various strike prices and expirations. I have never had a negative year. Now I have and I have learned more. I did see how the S&P did for the year but have forgotten the percentage. It was higher than the NASDAQ if I recall correctly. I feel well positioned for a good return in 1998 . The largest problem is a decline in equity with which to work. That is stating the obvious when one has a losing year. I feel you deserve kudos for doing so well considering it appears a lot of your positions were in the sector that did decline throughout most of the year. I wonder how many people on SI have the "guts" to admit to their errors. It feels badly to have performed so poorly not to mention the loss of money. It also takes away ones confidence. However, I will get that confidence back and the equity too. Happy New Year to all! Glenn

To: David Lawrence who wrote (11216)	1/1/1998 4:11:00 PM
From: Steve Parrino	Read Replies (1) \| Respond to of 22053

<I heard a crackling sound behind me and turned to observe the top 20 feet of my neighbor's back-yard oak tree go floating over the house to land in the street. I decided it was a good time to go inside.> Those near-death experiences stay with you, don't they? 1997 seemed to be the year of tornado movies. Maybe the year of hurricane movies is coming up, and you can sell your story. Maybe not feature-film material, but definitely made-for-TV fare. <By the way, you left out NASA> Indeed an oversight... At 500 feet, Armstrong took manual control of the Eagle. Looking out the triangle-shaped window, he did not like what he saw. He steered the craft over a rock-filled crater the size of a football field, and to a smoother spot. His heart pounded at 156 beats a minute, twice its normal rate. In Houston, Duke kept spewing out data to the crew. He shut up when Donald "Deke" Slayton, director of flight crew operations, leaned over and whispered, "Be quiet and let 'em land." The only thing the crew needed to know was how much fuel they had left. It got down to less than 15 seconds' worth. Mission control was silent. The eight-ton craft kicked up so much dust it obstructed the astronauts' vision for the final feet of the landing. The Eagle's four spindly legs touched the moon dust. Duke: "We copy you down, Eagle." Armstrong: "Houston, Tranquility Base here. The Eagle has landed." Duke: "Roger, Tranquility. We copy you on the ground. You got a bunch of guys about to turn blue. We're breathing again. Thanks a lot." Courtesy of Houston Chronicle chron.com