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To: Thean who wrote (10369)	2/2/1998 4:36:00 PM
From: MoneyPenny	Read Replies (1) \| Respond to of 95453

It's hard to be the wallflower at the dance. I looked this a.m. and saw how the day was going to go and therefore spent most of my day doing other research, anything but the market. It's hard to watch GLM,GW,and FSESX going down in the face of market euphoria. PXD continues to disappoint as well but I expected that when I went in. I've always heard it's not the individual stocks you own but the sector or asset allocation that gives the porfolio it's steam. We are certainly learning this first hand. I have been in the favorable sectors for the past 3 years and I'm not pleased about holding onto this out-of-favor one right now. Still thinking it will reverse and come back in the spring, like last year.

To: Thean who wrote (10369)	2/2/1998 5:49:00 PM
From: RGinPG	Respond to of 95453

It's too late, I've already maxed out my margin buying power (and expect to get a call any day now). But at least I didn't mortgage anything. Really I use the charts as more of a several days to weeks type trades. They are really not good for calling intraday or even day to day moves. In addition, I'm only "trading" a portion of my portfolio, selling some when we go up, so I can buy more after we fall. I'm a pure bull on this sector however. Seems like this is a good time to be 100% margined, when everyone hates the sector and it's behaving like a real dog. As long as I can come up with the interest payments every month and don't lose my nerve, (and earnings estimates are somewhere close to reality) I WILL make money. I agree with Lucretious' (is that a made up name?) sentiments exactly. Someone once said, "The only advantage individual investors have over the professional traders (and it is a great one) is patience." I guess you could say I have crippled my advantage somewhat by buying on margin, but I have the cash flow to hang in there in the bad times. Paul, I hope you're right. I'm patient, but I'm not Job.