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as william o'neill pointed out in todays investor's business daily, the nasdaq is in its WORST correction since 1977-78. (!!) and it isn't likely to get better soon.

if you're like me, your portfolio has bled significantly. and i know that many of you sniff at anything other than "buy and hold long."

however, it IS widely accepted as foolish (by the gardner bros) to sell a security when you can put your money in a better place.

given that cree has posted some ongoing great numbers AND pulled off a coup by getting nakamura, this is what i'm planning on:

1) sell some of my bleeders for a loss.
2) take a tax write off for fiscal 2000.
3) use proceeds to buy more cree.

good luck.

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