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Strategies & Market Trends : Asia Forum

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To: Worswick who wrote (2851)4/3/1998 10:51:00 AM
From: Jyoti sharma  Read Replies (3) of 9980
 
Worswick

You may be right about bear market lows being 85-93% of the high. I am not very smart in catching the lows and highs. I usually try to buy from the new lows list and they always go lower. Over the long term it works out.

On the US market I have finally given up waiting for a major correction. All my friends and relatives have more than doubled their money since 1995. Most of them do not know what is earnings or P/E ratio stands for. Even my wife has started giving me advice and I should start listening to her. She wanted me to buy MRK and MSFT last year regardless of price. Her theory is if a stock has gone up a lot , it must be doing some thing right and has to go higher. Of course if it goes lower, it is going to be my fault for not being able to anticipate it. Finally it is better to be lucky than smart. I suggested AAPL to my brother in law in Germany as a speculation last year. He decided to buy a lot of $ 25 calls with stock at 14. AAPL rocketed to 30 on Microsoft news in July he got a pay off of more than thirty times on his money ( he was on a vacation otherwise would have sold much earlier). I of course was waiting for AAPL to go to 12 before jumping in. . Any way good luck with your investments.

Jyoti
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