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Strategies & Market Trends : Rande Is . . . HOME
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To: westpacific who wrote (51643)5/23/2001 10:59:12 AM
From: Rande Is  Read Replies (1) of 57584
 
It is folks like you that lead people to be slaughtered. Holding a big long portfolio overnight is suicide in 2001 and 2002.

You obviously have not been keeping up with posts here over the past year. I declared that the entire "buy and hold" strategy was DEAD in the last week of January of 2000!! So aside from a few SAMs, we focus most discussion on TRADING stocks. Not holding them forever. We discussed this throughout February of 2000. And the first week of March of 2000 I said that we would see the biggest tech decline ever. . . . and that we should sell all tech stocks. Where were you? Holding long-portfolios?

Throughout April of 2000, I said the only place worth being was REITs and a few cyclicals. . . otherwise, short-selling and cash were king. In September and October of 2000 I attempted to lead this thread in short-sell plays. Unfortunately, the thread didn't like it, and preferred that we stick to whatever long plays popped their heads up. And in December, we pointed out serious lows in the best techs. . . many of which still held the April 4th lows.

I did not tell everyone here to sell ALL of their holdings and go bury their heads in the sand. I doubt seriously that things could worsen so bad that I would do that. Face it, this thread is no longer for you. We have hope here.

Rande Is
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