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Strategies & Market Trends : Waiting for the big Kahuna

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To: Skeeter Bug who wrote (15028)3/15/1998 9:51:00 AM
From: James F. Hopkins  Read Replies (1) of 94695
 
Skeeter; I see several companies that look about like this,
a lot depends on if some Mutual Fund manager will get into them
my small caps have done good but seem stalled at this time.
You know if you see Dell going down to $20 like you said March
12th, well that don't jive with buying anything at all. I could
see her at 40, or even 30...but if she goes to 20..you better
not own any thing in the tech sector. Really swtx does look
tempting but I'm not buying or selling any thing right now.
This thing is a lot like the dog track..the tipmisters always
have to have a bet on every race, ( even though they know a lot
of the races can't be called ) they pick a winner anyway.
But the guys who make out at the tracks over the long haul
don't bet every race, there are days they look at track condtions
and don't bet any at all.
Right now if any one thinks they know were this market is going
they are kidding themselves. Sure half of them may wind up being
correct ..and that just sets them up for the next time..
as they win just by blind luck, people that take blind luck
for smarts sooner or later bite off more than they can chew,
and it eats them.
Jim
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