Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Don Pueblo who wrote (1070)	3/3/1999 4:09:00 PM
From: EL KABONG!!!	Read Replies (2) of 3543

TLC, the smart money is already out and sitting on the sidelines Thanks for the vote of confidence. Been slowly going into cash since the beginning of this year. Carefully culling the holdings to get rid of known losers or those with potential to fall quite rapidly. Only mistake was to not sell INTC when it was at $140 (or thereabouts). As you know, I am by nature a buy-and-hold investor. But there comes a time when even guys like me are saying that our holdings are overvalued. I see more and more investors starting to take some cash off the table. When I see them starting to move money out of their mutual funds into GICs, then I suspect that the confidence level and the bullish outlook are starting to wane. KJC

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