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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who wrote (3316)10/29/2001 2:05:21 PM
From: isopatch   of 36161
 
Hi Frank. Not ready to bail on Tesco yet

or the others. Will post as soon as I do. Should say, because have a conservative asset allocation with a large cash reserve, am comfortable sitting out a market correction in my positions. And if the market melts down? Definitely want to load the boat. But, am operating on the hypothesis that we won't see a significant ST top till early next month.

As you know, my style is not to trade most of the smaller swings. Like the stocks to have time to work for me vs ME doing all the work with umpteen transaction a day. That's most recently paid off big with my fav domestic security stocks. Momentum that powerful tends to carry for quite awhile in time as well as price. And, so far, that's exactly what we've seen happen there.

OT/ Bit of a humorous aside: Kid you not Frank, was a guy on the old thread that turned over his quite large portfolio 2-3 times every week!!<g> Do my best to respect peoples widely varying styles. But that's just over the top IMHO. Life is to short, and money just isn't important enough to live like that, even IF it was very renumerative. And it wasn't.<LOL> I'll just leave it at that so as not to get HTPers and Boom/Bust troops all in a lather. Trust me the details are even funnier. If I get time will PM you about it.<g>

Best,

Iso
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