Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Andrew G. who wrote (93429)	4/14/2000 3:48:00 PM
From: Jenna	Read Replies (2) of 120523

Those are strong words. I hate to say this but I think individual investors, traders did this to themselves. They let stocks get to 200 without selling. I have not read mutual fund companies say anything but "this years returns are not expected to be like last years'.. I wouldn't blame them either. Once the market started to reach saturation I sold my mutual funds one by one. I have always left money on the table so I didn't really care. For me the cup was always half full and I was happy at any profit I had. Even message boards promoted stocks indiscriminately, but on this thread we always managed to 'temper' any exaggerations with moderation. Its the pat phrases like 'buy the dips' and hold for the long term that did everyone in. I was thinking.. This might just be the 'long term' for other people who were waiting to May 2000 to cash in mutual funds that have accumulated nicely for their kids education, or what about that new 3 bedroom house they have been saving for the last 6 months or year? So what the heck is the "long term" anyhow? I think glossaries should change and people have to know that the words 'long term' are just ways not to face what is happening in the here and now until its too late. I don't say to get into cash forever, but at least be careful when some stocks show 'saturation', churn your portfolio every once in a while. Don't let the words 'long term' let you become so complacent that you leave it in the hands of money managers. I saved my husband's portfolio many months ago when the financials were dipping badly.. They told him 'wait and hold for the long term'. I decided not to wait, to take the loss (from profits) and invest in the tech stocks. Eventually the financials were at 52 week lows. The same thing happened with the internet sector and a few years ago, the oil service sector.

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