*All: I will tell you that I have been somewhat conflicted with the current market.
If you follow any of my articles on tigerinvestor.com, you will know that I am very concerned about the last quarter of this year. I don't believe this is the time to be taking any high-valuation, long term plays. I do not see a scenario that can take this market to new highs as Y2k approaches.
There are some nice relative valuations out there currently that, normally, I would take advantage of. Rate, inflation, and Y2k fears, in my mind, will pull this market lower.
This has led me to being more conservative of late and not wanting to trade into any volatile issues, and perhaps lead anyone else into the same. I have taken mainly mid-term positions that are attractive based on sector related to current price vs. volume and strength.
So, if it appears as though my habits have changed, they have. But I still find myself very conflicted and slipping back into my old ways of wanting the quick hitter, which may be the best play. Liquidate, jump into a relatively safe issue for 10%+ gain in a period of 2 days to 2 weeks. If you watch my posts, you will see this conflicted state on a daily basis as I fight for clearer direction.
I will be happy when Y2k is finally here, so we can all get back on track again.
Congrats to all of you that have been doing so well recently, I have been watching.
Tj |
