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Politics : Idea Of The Day

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To: Riskmgmt who wrote (19681)8/31/1998 12:53:00 PM
From: Lee  Read Replies (1) of 50167
 
Hi Ray,..Re: a bottom will be found and like the overdone on the upside you will get an overdoing on the downside.

It helps to view the market as just a big under-damped mass and any disturbance results in overshoot by a wide margin of the fundamental equilibrium vibration. So if forces have combined to cause a large overshoot to the negative this simply provides opportunity for selling options and buying bargains. If we remember that the performing companies are still growing their earnings and that the economy is still strong, then this is just a lucky buying opportunity. INTC looks like a buying opportunity and I'm buying, especially since they have provided guidance that they are looking at a good quarter coming up.

JMHO

Lee
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