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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who started this subject	7/3/2002 3:53:28 AM
From: Dale Baker	Read Replies (3) of 118717

"Fool me once, shame on you, fool me twice, shame on me". Very wise words. I checked the portfolio returns last year in August-September when the Naz fell from approximately 2050 to the 1387 intraday low. That was a 33% drop - the portfolio was down 23% over the same range (+3% to -20% YTD). In 2002, the Naz opened at 1955 and topped out at 2098 before closing at 1357. That is a 35% drop from the top; this time, however, the portfolio is up 7% over the same period. A few stops in my mortgage REIT plays would have increased that to 8-9%. Compared to the Naz, the outperformance improved from 10% to 42%. Two more quotes to end this post, this time from aviation. One - any landing you walk away from is a success. And two - there are old pilots, and bold pilots, but no old bold pilots. Just tombstones. Let's be careful out there. PS Anyone left standing after this bear market deserves at least a T-shirt or something to remember how much "fun" we had.

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