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Strategies & Market Trends : LastShadow's Position Trading

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To: Dave Shares who wrote (329)9/13/1998 11:50:00 AM
From: Susan Saline  Read Replies (1) of 43080
 
DTE

Detroit Edison

just a thought here ....

Detroit Edison is one of my long core holdings, in portfoilio for several years now .... as it pays an excellent dividend (.52 per quarter/per share)

Throughout this correction .... the electric energy sector has held up exceptionally well ... little to no decreases of equity value in most .... DUK DTE etc.

I am now wondering if ... when our market does see an end to this correction ... which I think we are nearing .... investors would flee the energy sector for larger percent gains to be had elsewhere.

CNBC has always been an excellent contrary indicator in the GOLD stocks .... when they toot them .... it is the top, and time to sell.
They have recently been tooting the home energy sector .... so will they be a good contrary indicator here also?

Sue

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