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To: Lizzie Tudor who wrote (47550)	3/26/1999 6:55:00 PM
From: HG	Read Replies (3) \| Respond to of 164684

I heard a theory once mentioned on the YHOO thread. Someone said that making money was so easy with online trading and the current market trends that even a monkey could have made 300% on its initial investment in 1997/1998 (quoted from the post). The writer continued to add that some people feel guilty at this almost freely acquired wealth and needed to feel that they were really "working" hard to make it happen.....so they shorted the leaders. Obviously it takes enormous amount of guts and concentration to make money on the short side than it takes on the long side - hence they felt that the wealth was justified....that they had toiled to earn their keep ! Me ? I'd rather relax and make the money come to me <grin> Hmmm.....maybe there is some truth in the theory after all...otherwise, its so damn easy to make money everyday just being long ! Jan's box trading strategy I understand, for it increases chances of success, but the need to just short is beyond my comprehension ! BWDIK ?

To: Lizzie Tudor who wrote (47550)	3/26/1999 6:56:00 PM
From: GST	Respond to of 164684

Michelle -- re: making silly bets -- you are right I think to question the wisdom of betting against all the evidence. For me, MSFT is not a nemesis or something like that, but it is one of the leaders that has not been taken down. I was going to go after DELL right at its high, and spoke briefly with H James about that -- and he made the same very sensible argument that you make. I regret not going with my own instincts. I am expecting a broad pullback, and MSFT will go down -- on a pre-split basis I am looking for 140's but will close out when we get below 150 (sorry -- if, not when). Why would it pull back? Because everything is already in the stock (split, spec on a settlement, and the 'sure thing' mentality). It is owned by funds, and funds are going to see withdrawals -- as they did this week, and lastly because I think there is going to be an international 'liquidity event' between now and the April expiration.