Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: westpacific who wrote (102179)	5/3/2000 4:31:00 AM
From: SirRealist	Read Replies (1) of 108040

Agreed 100% west ! After today, I have to rearrange my old style because I've worn out the broker.... when one's holdings get too large and one buys way too much.... the broker has to make several buys and several sells to avoid influencing the action. No more. I promised him we'd spread the portfolio and go for it, even though it means slower percentagewise than before. Today, everything gained huge, then I took a few smaller losses buying in the afternoon. Still, it was my best day yet with my highest one-day trading goal achieved and then some. Yeah, so the government gets 39.1%.... still worth it, without a question. I'm not worried about bottoms lower than 3200-3300, but it will be a seesaw not just through one, but 2 FOMC mtgs now. IMO. Because valuations have no clear foundation in tech, the real valuation technique that gets resorted to is maintaining relative valuations..... An example? ISLD tends to be valued at 40% of AKAM.... plus look for potential run-causers/triggers. Another? Where was your stock in January, before the now-erased Feb bubble ran it too high? Not a perfect rule, but as a general rule, it's been working lately. The current market psyche suggests this kind of relative valuation is one of the best measures going for stocks at least 4 months old. For now, this is what works; it won't always.

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