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Non-Tech : Le coin des francophones -- Ignore unavailable to you. Want to Upgrade?


To: Claude M who wrote (3714)9/20/1999 11:38:00 AM
From: faro  Read Replies (3) | Respond to of 77509
 
Commentaire intéressant sur OTC journal
Ca me prenait ca!!

Armand

Email : info@otcjournal.com

URL : otcjournal.com

To OTC Journal Members:
Market Comment

This market is very listless. For the most part, large cap stocks are
selling off. Small caps are barely trading, and they shouldn't even
bother to open the market for micro caps. As one analyst put it so
accurately: "Volume is as thin as Ally McBeal".

It feels as if everybody that is going to sell has sold, and the rest of us are waiting for a catalyst to get us excited enough to start buying
again. With another interest rate hike likely in October, it is
difficult to find reasons to believe that stocks are going higher in the short term. This is one of the reasons that it is so important to have
a one to two year investment horizon in the micro cap companies we
profile. You cannot predict when Companies will make exciting progress, or when market conditions will provide you with an enhanced exit point
in a stock.

Long term investors should be adding positions in their favorite micro
caps at today's levels. It is almost impossible to predict the absolute bottom and the absolute top. If you just try to take 80% out of the
middle you will consistently produce outstanding returns. The great Sir John Templeton, one of the early architects of the Mutual Fund industry, said "I always made the most money when I bought at the point of Maximum Pessimism".