Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (19867)	7/11/1999 4:12:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Jim: Most retirement accounts have just a select few funds to choose from, and most do not include short funds. Regards, LG

To: James F. Hopkins who wrote (19867)	7/11/1999 4:29:00 PM
From: Berney	Read Replies (1) \| Respond to of 99985

Jim, I definitely watched and listened to your experience with the bear funds. I understood your conclusion that they made iffy daytrading vehicles because the COB NAV issue. However, I assure you that are duly stored in the bag of tricks, and when I feel the top is in, I'll be in them big-time. In the meantime, my 98% cash position was not badly hurt last week and available for the opportunities that may present themselves. I "expect" a normal retracement and then another charge at the top. Where that charge ends will provide me with a better view of where we are in the greater scheme of things. At this point, my "top" expectations are a little below both Don and Bill, and I greatly admire their skill. I don't think a 2-3% retracement is worth trying to time a bear fund; but, having the cash available for the next potential 3-5% charge to the summit will be worth having the cash to take the intra-day positions. BWDIK and JMHO Berney