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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (11156)8/26/2001 3:55:27 PM
From: skinowski  Read Replies (4) of 209892
 
“…maybe we'll start spending some of our cash hoard. We hate sitting on it, but this is not the time to be reinvesting just because we have the cash. And no, we aren't timing. We just can't find much to buy right now."

Robert Loest: “So go ahead, try it. Sell every single stock with more than a 50% loss”

Take a look at his August 20 entry. The guy loves AVNX but he’s dumping it. Why now, why not last summer, when it was some 150 bucks, on the way down from 250 or so…

ipsfunds.com

Scroll down to the earlier recent entries... All 'sell, sell, sell'... Good timing, man.

Here is another “genius”…

“ …Millennium's cash position is now the highest it has ever been, approaching 20%. This isn't market timing. We just don't see many companies in which to invest that we have a high degree of confidence will actually go up in the next few months. Yeah, it's short term…”

messages.clubs.yahoo.com

messages.clubs.yahoo.com

“…we want stocks to be trading at a much larger negative standard deviation below their 50-day moving average before we will buy them. This makes for an increasingly smaller pool of companies from which to chose.”

Truly unbelievable! Smooth educated talk to cover up the disaster that their investors suffered. Creating clever sounding criteria for idiotic bottom fishing.

These guys ARE the herd… To me they sound just fine for an intermediate term capitulation.

OK... Back to my deck and my book.
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