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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE
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To: axial who wrote (1536)4/16/2000 8:16:00 AM
From: TheSlowLane  Read Replies (1) of 1690
 
"Who could have foreseen this?"

Well, my bud at PaineWebber has been telling me for months that their models were getting progressively bearish. Around December the models were saying investors should be 50% in cash. That number kept moving up, by early March they were indicating over 70% cash. Then the bottom fell out. I did not want to believe it but between the models, Barron's, Ken Fisher's prognostications and general queasiness about valuations I did take a healthy chunk of stock off the table but should have had a deeper strength of conviction about the likely direction of the market. It could be a long, slow recovery but I am trying to identify which stocks to start buying, perhaps starting next week. Let's hope the PocketPC rollout is significant...
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