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To: The Ox who wrote (42775)	4/20/1999 4:31:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Touche and well met Michael! As an afterthought, imo touting a trading strategy based on REPORTED constant wins is meaningless unless you are willing to post the following: 1. Trading losses. 2. Commissions paid. 3. Tax consequences. 4. Slippage. 5. Total return based on TOTAL time in sector. Until then I fade the top calling and buy the dips. When those are posted along with the wins I'll listen.

To: The Ox who wrote (42775)	4/20/1999 6:32:00 PM
From: JungleInvestor	Read Replies (1) \| Respond to of 95453

Michael, my method is to invest in only a few stocks and overweight a stock when it appears to be relatively undervalued. For example, currently SEV is 77% of my portfolio (excluding my call options). This percentage will be reduced when SEV rises significantly relative to other stocks in my universe. My philosophy is to invest for the long-term but do some rotation based on relative valuation (i.e., rotate into the laggards). When this current run began, I was way overweighted in VTS but now do not hold any (except for some August 17 calls). I am solely invested in E&P and OSX stocks currently and plan to be overweighted in these sectors for the long term (i.e., several years) to let profits run.