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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Trading Machine who wrote (6126)	5/28/1999 12:08:00 AM
From: Berney	Respond to of 11051

TM, Well, it is sad to witness that a major player in the online brokerage business does not even remotely comprehend that the backroom is just as an important as the front room. Not really surprising to me that the tech types don't understand that the importance of the accounting function. But just getting them to send you a check for 4% of your account -- sad!!! Not a good scene, but then it has kept you in cash in a really bad time! PBTB

To: Trading Machine who wrote (6126)	5/29/1999 3:47:00 AM
From: Berney	Read Replies (1) \| Respond to of 11051

TM, I just finished my accounting for the first five months. What a disappointment. Before I entered my occupational excile at the end of Feb, I was up 19.4% and the Index was up .7%. Due in no small part to leaving the dollars in the Phleet, at the end of May I was 23.8%, while the Index was up 5.9%. While I'm still crushing the Index, I'll need to do it different next year. Of course, these don't even come close to your numbers, but in these accounts, I cannot go short and I cannot use leverage. On the personal front, INTC closed strong (excuse me, the bid higher than the ask -- that's wierd) and seems intent on letting me out of the penalty box. I was equally glad to see to see that Bob is almost out of his PB in MWD. In any case, I bet you sleep well this weekend knowing that you are 100% cash. Turns out that the accounts are only 16% cash, but I hope to fix that in the coming week! Then again, you'll probably sleep well in any case with the effort of painting the boat. Until OEX breaks this parabolic down trend, I think your conservatism will be rewarded. Stay loose, and listen to the charts instead of trying to talk to them. More and more, I am convinced that this is the secret to the effort. BWDIK PBTB