Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bonnie Bear who wrote (36389)	1/14/1999 1:13:00 PM
From: Tom M	Read Replies (1) of 94695

Bonnie/Berney, I did fine ignoring Groupthink 101 before , and even bought & held Microsoft & Intel based on improving forward fundamentals. Like you, I sold too soon but I couldn't stand holding them anymore once they disconnected from their fundamentals. Makes me wonder how many "original" holders of those stocks are out there - insiders sell regularly & get fresh new stuff all the time ;-) Don't get me wrong, I'm still quite satisfied with my profit. Gotta have a lot of faith to hold onto something waiting for those once in a generation manias. Seems to me we've had it. I expect Groupthink to change direction. Thing is Groupthink was "buy and hold" last year, & it was long positions I took a hit on (un-indexed of course). My biggest mistake was actually counting on this administration to clean things up at some point. Guess it depended on how they defined clean up <g> Once again, the technicals would have shown the proper Groupthought. Tom

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