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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Mike Buckley who wrote (14365)1/6/2000 10:48:00 PM
From: mariner  Read Replies (2) of 54805
 
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My top five reasons for why I think we're near the bottom (sometime Friday):

5/ CNBC talking heads and gurus imploring us to buy cyclicals and value stocks (oh yeah, I need more steelmakers in my portfolio, why didn't I think of that sooner).

4/ A big number (employment stats) coming out Friday - market anxiously waiting for the worst, highly melodramatic.

3/ Some normally highly resilient thread personalities (on many threads) starting to show signs of panic.

2/ A very big name (LU) reporting a critical shortfall, which initally causes panic (see the after hours markets) until rational investors understand that LU's problems are company specific not industry wide(see recent NT/CSCO press releases confirming comfort with their targets).

And the number one reason:
1/ Lindybill thinking about timing QCOM again!<g> (With apologies to Lindy, one of the most prescient investors I've met here at SI).

My advice:(free, no warranty): This is an excellent time to be nibbling at those stocks we all think are 5 to 10 year keepers. This is the time to be buying ON SALE. One doesn't need to make a complete bet yet, but it wouldn't hurt to be averaging in here. If I didn't own QCOM yet, and had always regretted not buying earlier, I'd be establishing a position now.

All my opinion only. Please feel free to disagree completely at anytime.

PS: Happy New Year to everyone.
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