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To: MrGreenJeans who wrote (6926)7/18/1999 9:35:00 PM
From: Demosthenes  Respond to of 15132
 
MRGJ,

Some great comments by Ian and Carl re semi equips on the Blood thread

D



To: MrGreenJeans who wrote (6926)7/19/1999 1:13:00 AM
From: JF Quinnelly  Read Replies (3) | Respond to of 15132
 
Anyone here have any opinions on exit strategies when the time comes?

Is there a certain price earnings ratio when some will start to exit?
A certain sentiment level?


I believe it was Bernard Baruch who said that he got rich in the stock market 'by selling too soon'. Don't be afraid to leave some on the table for the next guy. If I recall correctly he was one big investor who didn't get caught in the crash of 1929. For the past year or so Warren Buffet has been saying he can't find any values in the market. In economics, there is a model called 'the stadium problem'; it's a lot harder to get out if you wait until the crowd wants to leave at the same time.



To: MrGreenJeans who wrote (6926)7/19/1999 10:20:00 AM
From: Investor2  Respond to of 15132
 
RE: "Is there a certain price earnings ratio when some will start to exit?"

I started to exit when the P/E was about 24. I've been slowly reducing my equity allocation, much like Kirk has discussed recently. I'm now at about 60% equities.

Best wishes,

I2