donald, my thoughts in J6P terms...
J6P plan #1.
J6P sold at the lows last Oct. 1998 and does not want to repeat that mistake again. That's why the lack of selling. J6P is hoping, or should I say expecting, for another Fall 1998 correction where J6P, once J6P feels a bottom has been tested and re-tested, will dump that "sideline" money into their beloved 401K's, mutual funds, and "oversold" Internuts to fianlly ride that missed rally to new record highs. Once J6P has reached the top, which most J6P's feel is right around 12,000 (nice round number), the selling will commence so J6P can say he/she timed the market correctly this time. That's if J6P can spot the top and not let greed and fear take control of that ingenious plan. lol
J6P plan #2.
J6P has sold some, but is still holding on to "the core position". You know the high flyers that are doing so well right now. The still overpriced, overvalued, and the revenues-don't-matter Internuts. J6P is keeping the recent profits on the sidelines, waiting for January 2000 to buy "big time" those then way oversold darlings they so blindly bought at their April peaks.
Actually, I'm serious about this, because this is what I here all the time when I talk to my fellow J6Ps at work, at the local coffee shop, in the investment section at the local Barnes & Noble.
Twick |
