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Strategies & Market Trends : LastShadow's Position Trading

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To: Susan Saline who wrote (1099)10/10/1998 11:57:00 AM
From: AlienTech  Read Replies (2) of 43080
 
>>>>> "Safe Havens" (Primarily utilities)
just a thought ... IF ...

the market rebounds ... these will go just the opposite way ...
<<

I noticed that on thursday companies like ATI, SBC etc posted large gains and on friday they lost all those gains. Seems more connected to bonds than anything else.

>>I cannot say if the market has bottomed ... <<

Well you wont know for a few more months but last friday was the time to start looking at things, although the bottom fell out of the erp software sector this week, most others have gone up slightly this week.

>>would hate to see anyone buy a utilitiy here at their highs ... <<

They expect bonds to head to te 3% area by next year so at least there is hope that even is they do drop, in an year they will be higher (?).

I wont go bottom fishing here, there are some great companies to buy out there to play the dip.
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