Skeeter,
You sold some of them, right? Nice call on the sector though...
To: MileHigh who wrote (66224)
From: Skeeter Bug Tuesday, Feb 8, 2000 1:54 AM ET
Reply # of 68470
i own gztc and trps and plan on selling them within the next week.
i also own swtx and lgndw, though i will only sell a portion, maybe 50% - 75% of my positions, within a week.
i own gztr, asis and mwy and plan on holding them for a while.
my portfolio is up nearly 200% since early december after languishing for about 2 years. i do have to apologize for the low return, though. but hey, at least i will keep it :-)
my macro view is that the fed is flooding the market with liquidity (money supply up 17% in 1999) and will continue to aggressively support the market until at least election time. the us and world policies used to support the bubble market will eventually catch up w/ policy makers and there will be hell to pay. they can't keep growing monetary supply in double digit rates w/o impacting other economic factors (inflation, value of buck, etc).
even though i like the prospects of a few of my stocks RELATIVE TO THEIR CURRENT VALUATIONS (yes, valuation IS everything), i am well aware that when the bubble valuations crack, 99.9% of all stocks will get whacked and whacked good.
then i will be buying again. |
