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To: limtex who wrote (13319)	8/4/1998 9:05:00 PM
From: gdichaz	Respond to of 152472

To Limtex: Yes, based on today's decline across the board, you might have been smart to get out this morning. Let's assume you did. If that had happened, what next? Would you stay out? If you were to get back in, when, how, what, etc. But suppose the market went up today by an equal amount, would getting out have been good? Trying to time the market is tough for most individual investors. Note by the way that the Dow lost 160 points (or some such) in the last half hour due to massive sell programs from the big boys. How is that to be anticipated? What about tomorrow? What about Aug 18 - after the long awaited Presidential testimony and ?? statement ?? to the public - if that happens? What about the second half of October or after the election? And on and on. Yes some people do well by trading - some make money from options. But for many the problem is too quick a hand on the sell trigger, not too slow. IMO. BUT and this is crucial. We all need to sleep at night as the first principle of investing. And the risk which permits a good sleep is very very individual. Wish you well on whatever you decide. Chaz