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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: The Perfect Hedge who wrote (17575)11/9/1998 1:15:00 AM
From: Lee Lichterman III  Read Replies (1) of 42787
 
B*, don't give up hope yet. I was thinking tonight (I know it is a scary thought when I do that). Even if this is a real recovery of a deep correction in a bull market, look at last October. If the market did stay up and didn't fall again, the same stocks that bounced first last October seem to be leading the charge again. Semis, semi equips etc on the same negative fundamentals. If we give them a little more time, we can catch the downturn on them just like last time. If we know the earnings aren't there but the street wants to run the prices up anyway, we can catch them before next earnings season when the inevitable earnings warnings hit. If the now is unsure, we just have to make sure we keep some powder dry for a couple months from now. I may go all cash myself here soon and definitelly will be there by next week. I have been saying the 18th for months and I am too stubborn to change my mind now. <g>

Be careful in the oils. They already got a pop when the Iraq thing first started and if we don't bomb them into oblivion, they might drop quick. I think Dennis has the right idea of playing the airlines as a proxy. There are lawsuits starting, oil relationships and TA on his side.

Good Luck,

Lee
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