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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: lightwave51 who wrote (34161)11/1/2000 3:04:30 PM
From: mtnlady  Read Replies (1) of 54805
 
"It sounds like you have been reading "The Coming Financial Collapse Of 2001" thread, or are you just a good at market timing? <gg>"

Neither. It has to do with my comfort level. I didn't like what I was seeing in NT's sector (FUD, NT was having a hard time cracking the 70 barrier again etc..) so I cashed out most of my NT holdings. I had seen how devastating FUD can be to a sector already this year so I decided to let this storm blow over before moving back in again (I didn't realize the storm would be this severe though!).

I cashed out of NTAP and SEBL because it looked like it too was having a hard time making new highs and the market just wasn't looking too good.

I've bought and sold sense I cashed out but I haven’t yet seen a price that I would consider a good long term entry point nor do I see the market stabilized yet. Nothing more scientific than that.

I can say that NTAP has gotten some nice prices lately and I've started to build my position again. I also picked up my first RMBS long term holding yesterday. I've been in and out of SEBL a few times as well - but just trading - no long term holdings yet.

Where is the market going long term? Heck if I know. I have my own 'feelings' what the market will do but that is all. I do know that the five companies I seriously follow will be part of the top companies in whatever market we have.
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