Michael: Without doubt other factors are and will be involved in
the ultimate shakeout. How much more unravelling will we see
before real estate, banking, and currency problems in the Pacific
realm find comfort levels that they can live with??? How long
before Brazil devalues their currency(the real), or will they be able to
avoid it??? To what extent will our multi-national corporations,
who sell quite extensively to the Asian , see their bottom line reduced?
How much of the current selling on wall street is attributible to
money managers locking in profits in order to keep their bonuses
at those nice levels?? Those, and many other things will have a
bearing on the ultimate "bottom" and when we reach it. I must
admit that I did some selling on Tuesday BECAUSE I had some
damned good profits, that I didn't want to risk AGAIN( like Monday).
I had taken a good many chips off the table during the year, so
I didn't feel like further exposure to risk after the Monday panic.
I stared buying BORL again at 8.25, but quit at 9. I feel certain
that we will test 8 again. I'm very liquid right now and am awfully glad
about it. Tomorrow and Monday should present some buying
opportunities, but am going to buy slowly. This thing may take
some time.
Luck,
Jack Gibson
PS Michael, how do you get this blasted computer to print the lines
AS I TYPE THEM? Your posts are compact. Mine are shot-gunned
all over the place. Can you tell me how to correct this? Many thanks. |
