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Strategies & Market Trends : Value Investing

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To: Graham Osborn who wrote (59787)	8/22/2017 11:00:03 PM
From: Lazarus	Read Replies (2) of 78704

I still like IEHC and have it on watch. I hope to get on board once again at lower prices. I'm thinking that this market could have a significant downdraft --- and soon. The other scenario I've considered is a sideways choppy market with a downward bias for an extended period. _________ OT: The horizontal line on this chart below is at around 2140 which is ~where the market closed on the day of the election. Since the election the S & P has gained ~ 14%. Will it hold? Is Trump going to take us to the moon? Can the market triple under Trump like it did under Obama? Unlike when Obama was elected and wealth was fleeing the market - now we have Trump and there's lots of boasting about jobs and market highs (which is mostly just bullshit) ---> and wealth has been pouring in... Will it / can it be sustained? _____________________________ All the blabbering from the right about how good the market is doing is - imo - just a lot of ignorant hot air. The market is anticipating huge tax cuts and the passing of trillion dollar infrastructure bill. It's all baked in right now. I'm a contrarian - and contrary to what those who put Trump into office believe (prosperity and market-to-the-moon) I'm anticipating this market (perhaps the entire country) will be taken to the woodshed. If I'm right, will I be happy about it? NO, absolutely not. I wish things were not as they are but we all have to roll with what comes... and roll we will _____ If I'm right about the market going down, I'm positioned to capitalize on it. If I'm wrong, I'm still significantly long individual stocks which I believe will do well (and continue to quietly and patiently accumulate positions in what I consider to be undervalued and/or overlooked equities. _____ One of my penny stocks was up 92% today. Due to its low OS count (< 5 million), and circumstances fueling the buying, and my desire to trim my xxx,xxx position a bit (current ask is a 10 bagger for some of my shares) , I will not divulge the ticker symbol.

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