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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (7249)8/31/2001 1:19:10 PM
From: The Ox  Read Replies (1) of 23153
 
Looking backward from 5 years from now today may be a good time to establish positions in several stocks, or index
funds or the market as a whole. But I'm not going to get in an argument with the market on this last day of August, no
matter what signals the TRIN is sending up, because the market is saying bad storm ahead.


If someone is looking to establish new positions at the current time, then it's important to develop a plan and stick to it. Whether it's averaging in, picking some lower point on the chart to start buying--or waiting for a higher point on the chart to start buying after a trend has been indicated, having a plan is the key.

I have stated many times on these threads that I would probably start building long side tech/semi positions in Sept/Oct of this year. I haven't changed my focus and I'll start sifting through the rubble during the next few weeks to see what jumps out at me. Since I have a tendency to focus on small and mid cap stocks, the issues I select may not be appropriate for others (like aerosappy).

For those looking out and who have a multiple year time horizon, the most important issue, in my mind, is to do your research. If you're looking to place a large stake on a single company or industry it's very important to find out all you can, to fill in the gaps. Balance risk vs reward and try as best you can to eliminate the noise.
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