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To: Eric Ridley who wrote (40681)	5/6/1998 8:22:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 176387

Buying gold last year wasn't too bright, it was in a clear downtrend and going lower. Gold recently broke its 3 yr downtrend. Also, stick to the blue-chip gold stocks. BRE-X's and small co's are for suckers. As for you enjoying the run and then taking your 10% lump. This really does make me laugh. The arrogance of this type of stmt. Mkts fall alot farther than 10% at times, and sometimes they don't return to the previous levels for yrs. Ask Japan, or anyone that lived thru the great depression. Don't feel bad though, you fall in w/ 95% of america that thinks the stock mkt is like a money mkt w/ occasional 5 or 10% drops that you will recover back in a few months. This country hasn't seen a real bear in 26 years. When he gets here, many will be gravely disappointed. Why is it that when someone speaks about reality, he gets labeled a doom sayer? Mkts top and mkts crash. That is a fact! It is only a matter of when. I say sooner rather than later. Don't worry though, I think the fall off the cliff won't be for several months so you've got time to buy KTEL, LU, and DELL and play around w/ them for a while :) -Lucretius

To: Eric Ridley who wrote (40681)	5/6/1998 8:30:00 PM
From: Joseph Colombo	Respond to of 176387

<<I spent most of last year out of the market because I was worried about it, and missed 2,000 points. I'm in as a Long, Hard Bull. When the inevitable correction finally happens, whether it's at 9300 or 20,000, I'll gladly suffer my 10% lumps, and smile all the way to the bank>> Eric, I couldn't agree more. I put stop losses (which I usually never do) on 3/4 of my portfolio the week before last, and instead of protecting myself I missed 3 or 4 good days and was stopped out on most stocks. I had to rebuild my portfolio. I felt like an idiot. And I did it, knowing it's not the thing to do. You just can't worry about the corrections. If you do, you won't make money. It then becomes a self-fulfilling prophecy and you lose money. If you have discipline, you can make a lot of money in the market. IMO Joe