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Strategies & Market Trends : APMP (formerly APM)
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To: Christopher Loe who wrote (11371)6/9/1998 10:20:00 AM
From: Rudy  Read Replies (1) of 13456
 
Hello Chris,

Yep, you did good by selling your oil issues right on time. I kept mine with the "long term" mentality. But I feel I did wrong. I could have bought back at lower levels for sure. For example FLC has just broken a support level and since that support is broken, it took a good dump :) I gave another 6 months to these stocks after the last break. They say this year El-Nino may make a reverse effect and cause a cold winter. The inventories should go down and Asia should start buying oil again before we can see any turnaround.

I see opportunities in the making in Information Technology issues. I think especially Internet stocks are due for a strong comeback wave. Some high quality names will be the leaders for 2. wave attack and lesser known ones will follow.

For slower but guareenteed price appreciation Retail will keep being there.

Good luck all.
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