John, Mike & Tom's <b>Wild World of Stocks</b> Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : John, Mike & Tom's Wild World of Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: wlheatmoon who wrote (1889)	10/6/2000 12:58:45 PM
From: Logain Ablar	Read Replies (1) of 2850

Mike: The problem with the port I posted is it will also take a hit when the market retreats (like yestterday and today). Actually I still believe we are close to entering a new phase of the bear market (clearly in one in the NAZ). I've been playing (notice the word, not true investing) this as if we have one more run into the election (notice how wrong I've been for the past 5 weeks) and then we sell off hard as the concern phase of the market kicks in. Not sure how long this will last and if we have any reprive (we normally do). If history is any guide we can expect one more bullish run to 1 allow the smart money to finish (they have been exiting for some time) exiting the market, 2 bring in the lemmings (I usually fall into this category) for the blow off top. With the recent technical damage I don't see the market going past 4,200 area. John falls into the area of smart money. This is the type of investor who realizes the dynamics have changed (actually its a repeat of past declines just a little different but changed in the manner we are no longer in a prolonged bull market) and preservation of capital is the primary goal. I didn't quite pay attention to his post @ the end of Aug. but in hindsight a great call. Our (MY) problem is we have had such a long bull market we've picked up bad habbits. I still keep buying dips but this week I started withdrawing funds and just deposited in a bank account (can't be tempted that way). Not much but I'm hoping (when you hope you are making a mistake so I know the risk I'm taking, hoping means the risk is much higher than the reward and is foolish, I am being foolish) the market does rally. If the market doesn't turn by next Wednesday I'll be in much more cash than present. It will be less cash than I can generate today and will probably be the s/t bottom but thats ok. Now with all the PnF indicators in 0's the signs are not good. The only good news is they are already @ low levels but they can always go much lower. So the stocks which look cheap can bounce from here if we rally but the odds favor they become cheaper later this year. Tim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next