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To: Jean M. Davies Schmith who wrote (49510)	3/4/1998 10:43:00 PM
From: jmac	Respond to of 186894

I agree with your concept. However, I was responding to a post wherein the postor stated that he thought he would see the 60's and then the 40s. If that is the case, then logic dictates that you sell and buy back when it gets into the 60s and perhaps 40s.

To: Jean M. Davies Schmith who wrote (49510)	3/5/1998 2:49:00 AM
From: Ibexx	Read Replies (1) \| Respond to of 186894

Hi Jean, Long time no talk. And you were missed... As to what one should buy tomorrow if the market tanks, the answer should depend upon one's existing portfolio, time horizon, risk tolerance and, last but not the least, general assumptions re. the macro environment: 1) If you think there is a bear market ahead for the rest of the year, then you should buy the kind of stocks that drop the LEAST, not the most--in other words, stocks that big boyz would park their money in. 2) If you think the market is basically highly liquid and will recover by CY Q2 (in anticipation of a better second half), then you might want to buy stocks that tank the most. (i.e. INTC as a possible candidate) 3) In addition to buying the commons, you might consider selling puts on some of the more volatile stocks on stocks that you truly wish to own. 4) Consider y2k LEAPS calls if you are comfortable with a FAVORABLE market scenario beyond a couple of quarters. A lot of generalities stated above, not enough specifics, I know. But being nimble is one of the requisites of being successful in the stock market, and let's wait and see what'll happen tomorrow. Regards, Ibexx