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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (30242)10/5/1998 7:18:00 AM
From: Monty Lenard  Read Replies (2) of 94695
 
HI Jim, Yes I have been following your outline but am still digesting it. Have not responded because I have not digested it yet. :-)

You know I tested the water a few weeks ago with some mutual fund money? Well I was making a little on them so I sold them Friday just before the close. I just thought that the downside risk was too great to stay in.

What made up my mind was when Clinton went on TV and when I heard about the EMERGENCY meetings that were being held. These guys are scared to death and don't know what to do. Also, I think they know a lot more that what they are saying and have to believe that if it was good news that they could not keep it a secret. The only secrets I have any faith in them keeping are the ones that are bad. :-)

I may have been early and left a little on the table. If this proves to be the case, then you can start using me as you primary indicator and forget the spreadsheet. :-)

Monty
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