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To: j g cordes who wrote (14097)	1/29/1999 11:53:00 AM
From: Tom Trader	Respond to of 44573

Thanks for the thoughts, Jim Seeing the points that you made on a thread that focuses on moving between the long and short side at a moment's notice has a certain irony to it. I suspect that I am exiting early -- but on the other hand we both know that sooner or later there will be another huge sell-off for whatever reason and then it is helpful to have the flexibility to put some money to work. I think that the market internals are nothing to write home about. I am still holding all investment positions -- not sure what it would take for me to sell them--some are stocks that I have held for years.