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To: Mark Glembocki who wrote (33944)	12/31/1998 5:28:00 PM
From: Gary Burton	Respond to of 95453

Mark--In my view, when and if the OSX breaks its current downtrend, most of the stocks will rise 50-125% more or less in a straight line like October. So, my emphasis is in trying to discern a trend change in the strong downtrend that started a couple of months ago. Once it turns, 20% will be easy and will leave far too much on the table. The last time around for example starting from approx Oct 8 and lasting 2-3 weeks many stocks doubled. Many others went up 75% before topping out.

To: Mark Glembocki who wrote (33944)	12/31/1998 5:43:00 PM
From: leisuresports	Respond to of 95453

Mark, you paid Schwab $12,000 in commissions???!!!. I would suggest transferring your account to Datek and saving $9000 in your yearly commissions bill. (I have no affiliation with Datek or any other broker, I'm just a regular guy but I like Datek, good executions and good prices). As for stocks, I'm just buying FSESX at about $13.80-current levels around $14.40, and holding long term. s.r.

To: Mark Glembocki who wrote (33944)	1/1/1999 3:28:00 PM
From: gregor	Respond to of 95453

Hi Mark: I'll give YOU two cents to be able to give you my opinion. If you traded 400 times last year at 30 bucks a pop; a cheaper broker for 10 or 12 bucks a trade would save you 7 or 8 thousand dollars. I saw the OIX sector down 2% on Wed amid a freezing day and have traded the sector twice this year ( both profitable ). I thought this is crazy. The price of oil is up 27 cents the nation is in a frigid zone, so cal lost 80 % of the citrus crop and the oil stocks are down 2%. So, at 8 minutes till closing I moved 42 % of my portfolio into the sector. The next day, oil was up again the Dow down 90 points, and the oil sector was up 2% and the OSX was up almost 5%; so that was a great day or entry point. I have a friend that advises to invest in the 'screw-ers not the screw-ees' . It is really good advice. So for that reason the oil sector is a good investment now. As far as the time frame goes; pick a horizon. It might be 30 days. 6 months or ten years but stick to your guns. If you have picked an investment horizon of 6 weeks and trade that time frame then try to pick a few entry points each year, no more than three or four. Because you have picked a horizon of 6 weeks that doesn't mean you should trade the sector every 6 weeks. Patience, is the most admirable quality of any successful investor ; second to that is adherence to a prudent system. If you are down 9% THIS year on 400 trades; you seriously need to regroup. rethink, and retool before you make a single trade in 1999. gregor