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Non-Tech : j.c.penney

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To: Mark Adams who wrote (79)10/18/2000 9:14:54 AM
From: James W. Bradsh  Read Replies (1) of 111
 
Mark and Yogi...

This is definitely a market to beware... a lot of cross currents and perhaps a rip-tide lurking for the unwary. It is tempting to bottom fish, but beware of sharks in the water. Most funds will be through tax loss selling and cleaning up portfolios by October 31, but individuals will still be doing it through end of year, so the water remains dangerous. I usually look for some "capitulation" point and then take my chances the worst is over. Not convinced that has occurred. No matter what theory or system one uses though, the market always has a mind of its own and teaches humility after picking the pockets. Take care and good luck.
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