Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: DD™ who wrote (8875)	1/9/1998 6:43:00 PM
From: IVAN1	Read Replies (2) of 13949

The black hole effect Yeah I know exactly what you mean. My central fear was, of course, that our favorite sector would get sucked into the vortex and get flushed. Could well be. What is even more troubling to me personally, is that my remaining generic, vanilla mutual funds will also stay permanently down and I will be married to them for years to come. Well, at least I got my equities down from 60-70% down to around 20%. That means I have the cash I need to start buying when the blood REALLY is in the streets. One nice problem? Trying to restrain myself from buying on these dips. But I believe that all the novice dip buyers will one day see that after the dip the market doesn't come back and then they're slaughtered. One has to hang on and wait for the once in a lifetime opportunity (if it comes) to really buy great stocks cheap. That's my bet and my approach. All I have to lose it upside opportunity. Anyone else want to share their thinking about the longer term strategy? Best to all, Ivan1

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