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To: GST who wrote (69819)7/26/1999 8:14:00 PM
From: hsg  Read Replies (1) | Respond to of 164684
 
I am not going to sell anything (goes against my buy an hold mentality...I love buying stocks, I hate selling them...so I look for companies that I think have a good chance of being around 10 years from now, and that I can pick up on the cheap (definetly a contrarian))...I typically invest as much of my discretionary income as possible, but I am going to accumulate cash in my checking account and just wait...I think any pending correction could be worse than last year...overall P/E on the S&P is higher than warrented, IMO, and there could be a fair bit of room on the downside if investors get scared, or Alan raises interest rates again...



To: GST who wrote (69819)7/26/1999 8:23:00 PM
From: Robert Rose  Read Replies (2) | Respond to of 164684
 
<As Robert suggests, holding cash can sometimes be the best move. >

I weathered a 45% haircut from mid-April to mid-June. I can't afford to go through that again....