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To: Andrew Vance who wrote (13324)	4/21/1998 3:03:00 PM
From: Patrick Slevin	Respond to of 17305

Be careful with those losers....Risk management may be critical shortly. Gotta bolt. The market may be taking me short. I'll never get out of here.

To: Andrew Vance who wrote (13324)	4/21/1998 10:25:00 PM
From: Investor2	Read Replies (2) \| Respond to of 17305

Re: "As a matter of fact, it seems as if the losers are almost the only things left in the portfolio." Back in the late 1970s, I went through a "profit taking" phase. I sold many of the positions where I had nice gains and waited for the prices to move back to my buy level. After a while, I realized that I was holding nothing but a bunch of dogs. I learned that holding a bunch of dogs is certainly not a very good position to be in. So, after that period in my life, I decided to hold onto my winners. This strategy has been quite successful over the years. I try to sell the losers, but for some reason, that's very hard for me to do. Best wishes, I2