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To: Jeff Lins who wrote (9790)12/18/1998 4:49:00 PM
From: Lutz Moeller  Respond to of 16960
 
Jeff,

you are dissatisfied with Your portfolioperformance, I understand. I sold 75% on Dec 1. Can You imagine how I feel? For long time I wanted to see the world from a bullish view. The strange then happend - now I'm rather bearish. As obvious as the reasons are, the strange is, I feel my feelings are real. Strange human being!

The last three years, that I follow stock, exhibited about every other 6 - 9 months a major pullback (in which I was long on margin!). I missed the opportunities to buy cheap in bad times. The small cap growth stocks, I'm used to be in, swing in a range of 1:2 - 1:4. So buying in catastrophic times can be rewarding, if you have nerves.

Lutz