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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: B. A. Marlow who wrote (2939)	2/16/1999 6:37:00 PM
From: Axxel	Read Replies (1) \| Respond to of 6846

It's not up prices and crummy rallies that just suck more people in. What we need is selling, lower prices and a gentle shift to value investing...that is happening. But anyone who is bearing on high tech over a long period of time...IS ALWAYS WRONG. But in the short term..it's ok that prices are going lower..from the newsletter... Here is this morning's babbling: " The rally on Thursday was as good a "suckers" rally as I have seen in years. Do not get bullish because of strength; get bullish because of WEAKNESS! DO NOT GET SUCKED IN. We have been eliminating positions for over two months and reduced from 75% invested in 1998 to 65% invested to our current position which is NO MORE than 50% invested in equities. Cash is like…well…ah…it's er…well...it's "cool." AND, OF COURSE NO [LIKE ZERO] MARGIN. We have encouraged a hedged position with puts installed on certain high flying Internets such as AMZN, EBAY, BCST and others. THERE IS ABSOLUTELY NO CHANGE IN THIS POSITION. You do not need to play this market. You need to play it when the odds are on your side, not when you think you are "right" and everyone else is wrong. Now get it done and stop asking questions. You must retain capital so that you may ALWAYS play. "Manage the risk…the profits will take care of themselves." Axxel Knutson, 2/15/99 "In this business, being right is not as important as making money…consistently and one of primary tenants of the quest is the avoidance of the 'obvious risk'" The real story here is that I make people money. If i do that, they don't care if I was right or wrong about any one particular stock. I bought things that went up, took profits, re-invested, took losses, went to cash, reduced risk, increased leverage when the market falls apart and decrease leverage in advance of consolidations. Is it perfect? I don't think so. Axxel FYI- This stock comment may is an excerpt from the Axxel Knutson's VTAR™ Newsletter [Volume Trade Analysis Research ™]. There are important disclaimers and additional information that investors may want to avail themselves of prior to taking any action based upon this comment. The writer will not, usually, update you on changes in opinion. The Axxel Knutson's VTAR™ Newsletter [Volume Trade Analysis Research ™] is published [free] 3/4 times a week and is given to various web sites and to individuals who request it. There are no charges and it is not supported by advertising of any kind. Fees are not accepted for inclusion into the newsletter from any entity including the websites. In the very great majority of the cases, the writer does not invest in the same stocks that are included in the newsletter. If you would like the rest of the newsletter, so that you may obtain additional information and possible updates, email me at stockopn@webspan.net; tell me your name [I want to know to whom I'm speaking-you know who I am], email address, the city that you live near and how you heard about it. If you ever want off the list, just say so. My lawyer, who has no personality whatever and is considered by nearly everyone a real jerk, makes me say all this stuff.