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Strategies & Market Trends : Three Amigos Stock Thread
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To: LTK007 who wrote (3844)4/27/1998 8:30:00 PM
From: OldHack  Read Replies (2) of 29382
 
Max. Thanks hugely. The particular message you directed me to made an interesting point--the fact that a small rise in rates might trigger a spate of buying. Kinda flies in the face of traditional thought (particularly, I suspect, that of Market gurus), but perhaps could well be true. If it is, one might guess LEN & DHI could stall or further decline for several months until such increased sales become obvious. Debating about what to do with these two. I hate it when the Market says that companies that were great 3 days ago aren't worth a damn today; but I've found it hard to argue the Market down. For now, I think I'll try doing a Warren Buffet impression of owning good companies and hold on a little longer.

Saw from your profile you own GTE. I have a son who works for them in Atlanta. The Market might not like telephones for a while either (until the interest rate thing settles), but I think GTE is a nice, if bit stodgy, company.

Gonna mix a toddy and try to make some sense of today's gyrations.

Best wishes,
OH
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