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To: James H. Williams who wrote (34453)	1/12/1999 11:05:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

This is worth a read: national-jeweler.com

To: James H. Williams who wrote (34453)	1/12/1999 12:55:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>If, by newbie, you mean someone who will come in and pay any price for a stock because it seems to be going up without limit<< Believe it or not? there are such investors. I like to call them buzzards or flies hanging around shit. Take today as an example. Some buzzards will tell you they have left the bones, dry. Then they'll tell you they're back, because they felt that there is, now more meat on the bone. It's what I call coming and going. Other people call them Day traders. Some day something is, going to shoot those buzzards, and for the slow one's all you'll see are feathers. Hope no one here is one. Ps One nice thing about hedging. If you have discipline, you might catch some pellets, but that's better than having the whole shot-gun shoved up your ass.