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Pastimes : J Doe #13 Off-topic Non-Specific Tech Stock Ponderings
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To: Charlie Finley who wrote (1254)11/23/1998 11:43:00 PM
From: Johnathan C. Doe  Read Replies (1) of 1819
 
Hey buddy; what a day in the market; it's nuts. So many things moving. Yahoo; Netscape; etc. I've been in such a bottom fishing mode and now I just don't have the mindset to switch gears to a new strategy. I just don't know how to play this latest move. We are going to be rallying for some time; that is for sure.

Lessons: October predicted to be the month for the big crashes turned in the best one month performance in history? The market loves to set people up with this type of pattern thinking. The market is never predictable like that. I generally like playing a contrarian play and this was a great example of it.

The trouble is that I have gotten out of all my plays and the market is still rocketing and here I am out of everything. I don't feel comfortable getting back in at these levels either. As soon as they start talking about this being a sky's the limit situation, you can be sure the rug is getting ready to be pulled.

I figure the best thing to do is just sit on the sidelines and wait. My strategy is that you only have to play the market a few times a year at most and can sit out all the rest and still make huge returns. So far, I got in too early and spent 6 months getting the last returns. Now I might have to wait 6 months just to get back in. Not very exciting.
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