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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Lizzie Tudor who wrote (16220)2/9/2003 1:41:39 PM
From: dvdw©  Read Replies (1) of 19219
 
You said: If you believe internet content will recover and lead next upcycle then it might be logical to assume the infrastructure guys will also come back eventually so maybe theres some wildcard in that group worth buying if we get a brutal decline. But it has to be cheap enough.

Liz; I didnt agree or say that, I do not believe that generally; as for Yahoo it has and continues to make progress as a company, however it's float of 493 million is 200 million too high for me. I buy supply imbalances the biggest float I've ever invested in is 260 million shares.

This might seem difficult to understand but the fact is that above that amount it's difficult to Know the current trend. Whereas a small or mid cap with 25 million share float is relatively easy to understand within the metrics I monitor, fundamentaly and from a TA point of view.

This narrows my investable scope considerably but that makes my effort that much easier.
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