Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: horsegirl48 who wrote (28049)	1/21/2002 12:19:42 PM
From: Lee Lichterman III	Read Replies (2) of 52237

Well, first of all, I wouldn't classify you as Jane Six Pack since you are on SI and already know more than 90% of investors out there. You also demostrated more market savvy through the use of covered calls than 99% of investors out there as well. This enabled you to turn losers into winners when most are still under water and also knew how to sell on a spike which as I posted, most, like your sister, wont do based simply on faith. I just hope you can get your sister to use covered calls to recoup losses or get her to learn to cut losses faster. I don't know about good companies coming back. I think it depends on who they are and what the old entry price was. Many of these companies weren't making profits in good times and will likely struggle now that boom times are over. Yes they are good companies and yes they will survive but much of technology is going to be like TV manufacturing. Yes, many survived but prices and margins came down so far that not many made huge profits anymore unless they diversified. Too much is unknown with regards to the bubble. History shows we should not be this richly valued. Nothing is to say however that we can't become more over valued before we eventually return to the norm which would be much lower or else require us to go sideways for many many many years until earnings caught up with prices. I believe that Warren Buffet said that short term, the market is like a sentiment gauge but long term it is like a weighing machine. We can spike up and down but eventually, the market always comes down or up to what a company's real worth is based on fundamentals. We are no where near that level yet but will eventually get there. Good Luck, Lee

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