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To: Chris who wrote (3291)	7/20/1998 10:19:00 PM
From: Berney	Respond to of 11051

Chris -- No doubt about it! Each day the mailbox gets filled (maybe a little exageration) with confirmation slips. Last week was tough as I was buying too soon, and then having to fight just to break even. Hopefully, I got that fixed now! Made a real contrarian play today buying 1500 AN at 40 1/4. Who in their right mind would buy an oil stock? AN was at 40 12/31/96 and, decidely has not participated in the bull market. Even monthly trend line support since 92 comes into play at 40. So buy them when everyone thinks there is no future. JT taught me -- it all runs on fear and greed. BWDIK. The BAMBI indicator has worked very well in giving me a sense of market direction. It let's me know if we have an overall bearish or bullish bias. Obviously, all the stocks that are not in the DJIA may not particularly care what the Big Boyz are doing. Berney

To: Chris who wrote (3291)	7/21/1998 6:19:00 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 11051

>>I am sitting on a couple of large gains in y2k LEAPS (LU,CSCO,MSFT) and wondering what my exit plan is? << Well, one of them you tried already and you definitely didnt like the 90% loss. So, SET THE LIMITS in your little black book and when it is crossed on the way down, sell the next day. Dont get emotional, like "it will SURE come back" or whatever. I just sold my DAI and Vivendi leaps; they crossed the line, they were not supposed to (g). And I will not hate my guts at all tomorrow, when things may possibly look rosier. Im sure DAI will be much better in april 2000, when the leaps run out. But the game is not who can take on more pain. It's called making money. DJ