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To: SJS who wrote (12587)	2/23/1998 2:15:00 PM
From: Bazmataz	Read Replies (2) \| Respond to of 95453

I don't disagree that the sector will turn around. What I question is when it will do so. I played long for years, and as you describe it, was a very "patient" investor. Yes, I made money, but found it (on a personal level) almost more emotionally difficult than ST trading. Holding long in times like these were exactly what made me "try" ST investing. As Thean, bw and other ST traders will attest, it's the discipline that will make you money. Abiding by this discipline and eliminating many of the emotions (for me, more associated with LT holding) allows me to sleep better, and checking my own stats (which I do on a regular basis to see how I'm really doing), I'm doing better ST trading than I was LT. Granted, this kind of market makes this easier, and maybe I'm just lucky sometimes, but one must stick to what works for oneself. It's been much easier to make money in this kind of market if you are lucky enough to get in early on a momentum run. Yes, we could be the earliest people in the momentum run in these stocks, but we had such a run mid-last year. Selling at virtually any point in that run would have netted you out (in many cases) at TWICE the level these stocks are at today. Being in the current momentum plays (such as the Big 4 Techs) is doing well. Just commenting on your comments before regarding patience and holding. Whatever works for each of us. Regards, B