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To: Dave who wrote (9980)3/3/1999 3:31:00 PM
From: LTK007  Read Replies (1) | Respond to of 27722
 
DAVE I just got a sector TA warning from wallstreetcity--it has come up as showing continued weakening--I feel very strongly the action on NAVR today was a MAJOR indicator that the sector is in SHORTERM
trouble---all that I do on SI is my non-let-them-sleep longterm portfolio--what I do here is agressive money(personal reasons),and timing is everything----I was up 25% for the year but now am only 8% (after paying commisons to liquidate)--so I went to 95% cash today keeping only my NAVR Mar15 options---NAVR is #1 on my list for re-entry----I do not recommend selling NAVR,I think it is excellent hold(the IPO is going to happen we know it--be it 30 or 45 days) and timing the market is tough and risky--and the losses I took today ARE FINAL,they ain't paper anymore--but for me,in my SI persona---this was a time to pull out and reflect---Good Luck to all,Max and will announce my re-entry:)