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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (13717)	11/27/2000 9:53:10 PM
From: James F. Hopkins	Read Replies (1) of 18928

I took what little profit was left and sold every damm thing I had that didn't have covered calls already sold on it. I could have accepted a flat day today but this crap has me fed up. The Naz can't make a two day rally and rotation into value isn't going to do anything. To much is interdependent while I can see and understand a sector that leads the rest of the market and how that leadership can and may change. But one end of the broad market can't go down down down and the other up up up that just don't work. So I'm on a buying boycott and until I at least see no major index making a new low for at least a month I'm not buying anything else. My only saving grace is that in March I went mostly cash however I tried calling the bottom in May, and for a while I thought I had it, then September came and I didn't pull back enough thinking it was never going to make the May lows. Well it fooled me but it won't fool me the same way again. I'm mostly cash now and can look at it from a distance. Jim

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