Moderated Daytrading Canadian Stocks In Realtime Message Board

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Gold/Mining/Energy : Moderated Daytrading Canadian Stocks In Realtime

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To: originunknown who wrote (64)	4/4/2001 8:28:13 AM
From: the Chief	Read Replies (1) of 235

I was just reading in the Financial Post that "you will not hear a bell" when the market hits bottom. Only in retrospect will investors know where the bottom was for a particular market. This explains why some call the bottom of a market not a point but a process. I agree, bottoms have never made their presence obvious unless a very sharp V and then you better be on the switch when it happens. I look at stocks and their trends through the carnage. I look at P/E's and determine whether the stock is a buy or not. I am still of the school that if people believe fibre is dead..their smokin dope. We got into an oversupply problem, and we got into a "goodwill problem" after this shakeout, their will be less fibre producers and more consolidation in this sector. If you pick the winners...yur a winner....JDU and CSCO RIM, WCOM and a few others wil be the survivors IMHO. So in a year from now the relevance of paying $14.00 for ORCL when it is 13.25 will pose no relevance. When the bottom does come, my belief is "I will miss it"...so I buy when I think things are acceptablle priced for me. the Chief

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