Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: $Mogul who wrote (92213)	4/3/2000 9:11:00 PM
From: gizmo&jack	of 108040

Mogul, you are dead on. It's a question of when. My opinion of the situation is that the end is near. Not meaning to gloat, but I saw this coming. Which is why I sold WEBM at 233 and SLAB at 94 a couple of days ago. Went 75% cash, up from 25%. (Furious with myself for not selling ASIA, the other 25% Fell in love a little bit with that one, oldest error in the book). And now I think the rebound is near. The selloff has been severe and based on very little. As some of you may know from my earlier posts, I truly believe that this is a conspiracy of the highest order. Institutions began doing this last year. The same guys who come on in January and say "buy" say "sell now," after they have sold of course. The fund managers know that the average retail investor listens to them. So now they scare the hell out of them, then come the margin calls, the stocks sell off beyond belief, and the institutions come back saying now there are some attractive buying opportunities. And they will be in first and double their money again. A great little game. And there is nothing a savvy retail investor can do to stop it because too many retail investors are foolish. Only thing you can do is recognize it and play along. Now, are there some overvalued stocks still out there like you said Mogul? Of course there are. But the babies are being thrown out with the bathwater now. And remember, babies are mostly made up of cartilege and they bounce. The internet phenomenon is real. The sequential revenue growth for many companies is phenomenal and real. Just check the numbers. Many of these companies are absurdly undervalued now. There was a reason that many stocks were as high as they were in the first place. And the good ones will return and surpass their old heights. But I think the next ride up will reveal much more discrimination. The bathwater will evaporate and disappear. We need to identify the babies on this thread before earnings because earnings will be the discriminator and the catalyst for many stocks. Strong earnings will lead beaten down stocks to doubles and triples from here easily. That's all for now. G&J

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