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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Volsi Mimir who wrote (21865)1/8/2000 9:07:00 AM
From: Ron McKinnon  Read Replies (1) of 53068
 
market thoughts

getting harder and harder every day to psych out the action

the dow had sat in a tight range for a long time
while the nasd went parabolic
financials and basic industries came back into favor
sending the dow to new highs
while some fear and profit taking hit the nasd

the Thur night, post LU warning, dump in the mo-mo high flyers
turned with a vengence Fri with many of them closing
10-40 points above the after market, panic selling, lows
dip buyers continue to be rewarded

I really can not get a solid read
but playing it safe and legging in small on dips has proved to work out well
I'm still very heavy in cash, as I have been
tons of buying power
and still have enjoyed some of my best gains ever over the last few months
so for now I'm not gonna change
it's nice to go to bed with no fears over a big hold position
while seeing daily, weekly, monthly gains
call me old, call me conservative, call my dumb
cause i might have made a lot more than I have if I had bet the farm
on a few concentrated high flyers
but each of us needs to do what works best for our bank account
and our stress levels

I'd love to hear from others on their macro view
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