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To: Harold S. who wrote (19718)	4/20/1998 4:16:00 PM
From: Czechsinthemail	Respond to of 95453

Harold, Over the long-term you are right, but it isn't clear at what moment that big upward move will begin. Meanwhile, the past 6 months have favored the traders more than the buy and hold investors. Of course it won't always be that way, but that has been the recent track record. It creates a self-fulfilling expectation as rallies are sold off and dips are bought. But eventually, you are right, these stocks will soar above current levels and many will miss out on much of that upmove. Baird

To: Harold S. who wrote (19718)	4/20/1998 4:25:00 PM
From: Captain James T. Kirk	Read Replies (1) \| Respond to of 95453

I agree, Perhaps the sellers here have echoed the same mentality of this sector trading today which is why profit taking is at hand. However, for the day traders, they will rapidly move daily, but to sell because of a correction or other fears, at this stage of the game is laughable !! Weak hands, fearing earnings, that are based on the lowest oil prices of 9 years, and reports coming out that are only missing by very few pennies, or none at all. Once this Q is over, what more fear is left ? none, because the Opec 2 month wait shall reveal the plans effect and the summer month speculation will be in play. Sell it all, but do it tommorow so we can move upward and onward.

To: Harold S. who wrote (19718)	4/20/1998 4:46:00 PM
From: waverider	Read Replies (2) \| Respond to of 95453

>>That is why it is called resistance<< Friends, today is a good example of why the long term hold strategy eventually pays off. It is impossible to predict market moves. It is only possible to find good companies and stick with 'em. No clue what will happen tomorrow, but it appears the trading range behavior that has been kind to traders in the past is coming to an end. Hang on and watch those 4 to 5 point gains turn into 8 to 10 point gains. Don't be greedy, but be realistic...these stocks are still excellent bargains. All the analysts and brokerage houses are starting to see the light and upgrades are coming our way. The last minute surge in FGII with the associated volume is very bullish. Don't forget the cost of travel to our rig party. You've got to stay with these stocks to at least cover that! And this does NOT include regaining your previous losses. You gotta make new gains. Santa is WATCHING! Good luck to all!

To: Harold S. who wrote (19718)	4/20/1998 5:30:00 PM
From: Robert Floyd	Respond to of 95453

Holding a stock for long term is not the only way to play the market. On many of my stocks, holding for the long term is what I feel is appropriate. On TCMS, I have been taking advantage of the large fluctuations in the stock price. In the past couple of months, I have managed to double my position and to bring my average price down below $8 per share. If I would have stayed put, I would be breaking even about now. You might also try looking at selling part of your position as risk mitigation. For the past three years, my track record on my portfolio exceeds the return I would have realized investing in an S&P 500 mutual fund by a significant amount. So..it works for me!