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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: tekboy who wrote (39909)3/1/2001 8:28:43 PM
From: Seeker of Truth  Read Replies (1) of 54805
 
In past market tops I've known a few people who got lucky and sold at the top. Then when the market dropped and dropped and dropped they waited for 7*earnings P/E. That bargain never came. Then when the market went up their cash remained in the bank. They dismissed the rise as an illusion and stayed out. Years later when the market was lots higher I'd meet somebody like that "Hey Ed, I thought you were out of the market." They sheepishly and privately had bought back in, sometimes embarrassingly close to their sell price. The truth is, the lower the market goes the more horrendous become the predictions for more falls. That's always the case, the one certainty.
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