Steve,
>>Both of my orders filled today...
(I'm not sure if that's a good or bad thing)
Oh well.. I'm back ;-) <<
Yeah, I know what you mean. Depends how much you put in.
Also, if this market is just a correction, you certainly will
do OK. If it's a "Bear" market, nobody will be doing any
good, so hold onto paper, what else are you going to do with
the $$. COMS is here to stay for a long time and boom
times will be back one way or the other.
I've revised my thinking somewhat. Probably happening on an
hourly basis with everybody in this market.
I liked what I saw for a while where COMS buyers came in
on a big dip and raised the price very nicely. It just didn't
keep up long enough and sooner or later, the stock will follow
the market it seems.
The market, IMO, is a bargain, with nothing but fear overhanging
it. Anyways, the big $$ isn't going to put $$ to work until
after labor day. It's vacation time, and unless somebody
sees a screaming buy, it's just going to wait until
after labor day. I think last year may have been the same, but
I've forgotten. This year, big $$ has the added excuse to
wait and see if Russia and the world stabilize, which I've
gotta believe they will. If you put all the $$ the world has
lent Russia in the last 5 years, it's probably not more
than 1 or 2% of 1 years GDP for Europe. This is why I can't
see a Bear market from this. Also, Russia doesn't really
have any business connections to Europe I don't think. They're
still to economically isolated.
Also, I reread the Chatman COMS reit. It says,
''We expect a few more days of overall market weakness,
followed by a broad-based rally after Labor Day.''
I think they may have a point.
But, to get to COMS == 24 would mean the DOW drops another
500 pts, IMO. It will have to get really nasty.
What do you think?
joe |
