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Strategies & Market Trends : Ask DrBob
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To: Drbob512 who wrote (6799)10/3/2000 11:23:27 PM
From: kleht  Read Replies (1) of 100058
 
DrBob - In response to your post #6799: (lurkers & part-time posters)

Some of my picks for the next several months are:

Solid companies that are or have been beaten down and could be good for the intermediate or long-term:
psft (already had a good run, but still good potential)btgc gblx wcom t cmgi ericy lsi nite

Smaller, more speculative companies, but seemingly good potential (some are really beaten down):
allp bpnt clw gspt mesg sqst vlnc bout mdea

Keep in mind I'm much more of a long-term investor. Most stocks I invest in should take years to work out. The above could do well in the shorter term because of the thrashing they have experienced since March. But anyone looking at these should really do their own DD. I wish I were perfect. Unfortunately........

As to my thoughts about the future of the market I submitted post # 6091 before I went on vacation 9/23. I just got back and I can't say I've changed my mind any. There has not been much improvement in the put/call ratio. Yes, there has been some, but it's not even close if one wants to be comfortable with a possible bottom approaching.
If we do not have some panic in here in the next couple of weeks, accompanied by a vastly improved put/call reading (which could still happen) I would be very suspicious of any bull move lasting longer than December. And I'm not convinced the move itself would meet expectations.

To clear the atmosphere I feel we need a dramatic change in psychology and it could come within two weeks. But, I still think an approach in the NASDAQ to 3000 (or a little beyond) would be needed to do the trick. And I suspect it's coming.

Personally I have been adjusting my portfolio gradually in order to take advantage of any rally over the next 3-5 months. My cash position is down to 5%. Over the next two weeks I will eliminate most of that, but only if my scenerio unfolds and/or some individual stocks act as if it did.
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